{"id":67881,"date":"2025-05-20T20:49:23","date_gmt":"2025-05-20T12:49:23","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=67881"},"modified":"2025-05-21T10:59:37","modified_gmt":"2025-05-21T02:59:37","slug":"kgi-daily-trading-ideas-21-may-2025-zh","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-21-may-2025-zh\/","title":{"rendered":"2025\u5e745\u670821\u65e5: \u80dc\u6377\u4f01\u4e1a (CENT SP), \u6bd4\u4e9a\u8fea (1211 HK), Relx PLC. (RELX US)"},"content":{"rendered":"\n<p class=\"has-cyan-bluish-gray-background-color has-background wp-block-paragraph\"><a href=\"#sg\">\u65b0\u52a0\u5761\u80a1\u7968\u63a8\u8350<\/a> |<a href=\"#hk\"> \u9999\u6e2f\u80a1\u7968\u63a8\u8350<\/a> | <a href=\"#us\">\u7f8e\u80a1\u63a8\u8350<\/a> | <a href=\"http:\/\/sp\">\u884c\u4e1a\u677f\u5757\u8868\u73b0<\/a> | <a href=\"#td\"> \u4ea4\u6613\u9f99\u864e\u699c<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\" id=\"sp\"><img fetchpriority=\"high\" decoding=\"async\" width=\"829\" height=\"104\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/07\/word-image-259.png\" alt=\"\" class=\"wp-image-47866\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/07\/word-image-259.png 829w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/07\/word-image-259-300x38.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/07\/word-image-259-768x96.png 768w\" sizes=\"(max-width: 829px) 100vw, 829px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-67881-_tiry8p5xvcqk\"><\/a>\u7f8e\u56fd<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"941\" height=\"474\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/image-41.png\" alt=\"\" class=\"wp-image-67977\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/image-41.png 941w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/image-41-300x151.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/image-41-768x387.png 768w\" sizes=\"(max-width: 941px) 100vw, 941px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"939\" height=\"240\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/image-42.png\" alt=\"\" class=\"wp-image-67978\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/image-42.png 939w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/image-42-300x77.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/image-42-768x196.png 768w\" sizes=\"(max-width: 939px) 100vw, 939px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"290\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/image-43.png\" alt=\"\" class=\"wp-image-67979\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/image-43.png 940w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/image-43-300x93.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/image-43-768x237.png 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-4.png\" alt=\"\" class=\"wp-image-67916\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-4.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-4-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-67881-_qqv3rtx8nazp\"><\/a><a id=\"post-67881-_ylayyh7qqd99\"><\/a>\u9999\u6e2f<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1471\" height=\"728\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-screenshot-of-a-phone-ai-generated-content-may-9.png\" alt=\"A screenshot of a phone\n\nAI-generated content may be incorrect.\" class=\"wp-image-67917\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-screenshot-of-a-phone-ai-generated-content-may-9.png 1471w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-screenshot-of-a-phone-ai-generated-content-may-9-300x148.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-screenshot-of-a-phone-ai-generated-content-may-9-1024x507.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-screenshot-of-a-phone-ai-generated-content-may-9-768x380.png 768w\" sizes=\"(max-width: 1471px) 100vw, 1471px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"#top\" title=\"\">^ Back To Top<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-6.png\" alt=\"\" class=\"wp-image-67918\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-6.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-6-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  <a id=\"post-67881-_7c2gwybbbr90\"><\/a>\n<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"sg\"><a id=\"post-67881-_9i0c554gtu0u\"><\/a><strong><figure><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"128\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-7.png\" class=\"wp-image-67919\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-7.png 602w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-7-300x64.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/figure><\/strong><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><strong><strong><strong>\u80dc\u6377\u4f01\u4e1a (CENT SP)\uff1a\u5728\u5168\u7403\u4e0d\u786e\u5b9a\u6027\u4e2d\u6301\u7eed\u5f3a\u52b2\u8868\u73b0<\/strong><\/strong><\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a1.30\uff0c\u76ee\u6807\u4ef7\uff1a1.40\uff0c\u6b62\u635f\u4ef7\uff1a1.25<\/strong><br>  <\/li>\n\n\n\n<li>\u80dc\u6377\u4f01\u4e1a\u4e13\u6ce8\u4e8e\u62e5\u6709\u548c\u7ecf\u8425\u5de5\u4eba\u548c\u5b66\u751f\u4f4f\u5bbf\u8d44\u4ea7\u3002\u5728\u65b0\u52a0\u5761\u548c\u9a6c\u6765\u897f\u4e9a\uff0c\u5b83\u662f\u65b0\u52a0\u5761\u6700\u5927\u7684\u9ad8\u54c1\u8d28\u5458\u5de5\u4f4f\u5bbf\u4e1a\u4e3b\u548c\u7ecf\u8425\u8005\u4e4b\u4e00\u3002\u6b64\u5916\uff0c\u8be5\u516c\u53f8\u8fd8\u7ba1\u7406\u7740\u65b0\u52a0\u5761\u3001\u6fb3\u5927\u5229\u4e9a\u3001\u82f1\u56fd\u548c\u7f8e\u56fd\u7684\u5b66\u751f\u4f4f\u5bbf\u7269\u4e1a\u3002<br>  <\/li>\n\n\n\n<li><strong>\u6269\u5927\u5168\u7403\u5e03\u5c40\u3002 \u622a\u81f32025\u5e743\u670831\u65e5\uff0cCenturion\u8fd0\u8425\u4e8669,929\u4e2a\u5e8a\u4f4d\uff0c\u5206\u5e03\u572837\u4e2a\u8d44\u4ea7\u4e2d\uff0c\u7ba1\u7406\u8d44\u4ea7\u89c4\u6a21 (AUM) \u8fbe26\u4ebf\u65b0\u5143\u3002\u5de5\u4eba\u5bbf\u820d (PBWA) \u7684\u6536\u5165\u589e\u957f15%\uff0c\u8fbe\u52305,340\u4e07\u65b0\u5143\uff0c\u800c\u5b66\u751f\u5bbf\u820d (PBSA) \u7684\u6536\u5165\u5c0f\u5e45\u589e\u957f2%\uff0c\u81f31,500\u4e07\u65b0\u5143\u3002\u96c6\u56e2\u5728\u4e2d\u56fd\u7684\u65b0\u5efa\u79df\u8d41\u8d44\u4ea7 (Build-to-Rent) \u5df2\u5f00\u59cb\u8fd0\u8425\uff0c\u5165\u4f4f\u7387\u4e3a48%\uff0c\u9884\u8ba1\u5c06\u8fdb\u4e00\u6b65\u63d0\u5347\u3002Centurion\u6b63\u79ef\u6781\u6269\u5927\u5176\u4e1a\u52a1\u7248\u56fe\uff0c\u5305\u62ec\u5728\u65b0\u52a0\u5761\u548c\u9a6c\u6765\u897f\u4e9a\u7684\u5bbf\u820d\u91cd\u5efa\u9879\u76ee\u4ee5\u53ca\u6fb3\u5927\u5229\u4e9a\u7684PBSA\u5f00\u53d1\u9879\u76ee\u3002\u5c3d\u7ba1\u9a6c\u6765\u897f\u4e9a\u548c\u6fb3\u5927\u5229\u4e9a\u7684\u5165\u4f4f\u7387\u8f83\u4f4e\uff0c\u4f46\u516c\u53f8\u901a\u8fc7\u6218\u7565\u6027\u7ba1\u7406\u79df\u91d1\u548c\u5165\u4f4f\u7387\uff0c\u5bf9\u6301\u7eed\u4fdd\u6301\u4e1a\u7ee9\u5145\u6ee1\u4fe1\u5fc3\u3002<\/strong><br>  <\/li>\n\n\n\n<li><strong>\u63a2\u7d22REIT\u4e0a\u5e02\u3002<\/strong>Centurion\u6b63\u5728\u63a2\u7d22\u5c06\u6210\u719f\u5e02\u573a\uff08\u5982\u65b0\u52a0\u5761\u3001\u9a6c\u6765\u897f\u4e9a\u548c\u82f1\u56fd\uff09\u7684\u7a33\u5b9aPBWA\u548cPBSA\u8d44\u4ea7\u7ec4\u6210REIT\uff08\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\uff09\u7684\u53ef\u80fd\u6027\u3002\u8fd9\u5c06\u6709\u52a9\u4e8e\u91ca\u653e\u8d44\u4ea7\u4ef7\u503c\u3001\u589e\u5f3a\u8d44\u672c\u5faa\u73af\uff0c\u5e76\u901a\u8fc7\u6f5c\u5728\u7684\u5b9e\u7269\u5206\u7ea2\uff0c\u4e3a\u80a1\u4e1c\u63d0\u4f9b\u7a33\u5b9a\u7684\u6536\u76ca\u3002<br>  <\/li>\n\n\n\n<li><strong>2025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u7ee9\u56de\u987e\u3002<\/strong>\u00a0\u6536\u5165\u540c\u6bd4\u589e\u957f13%\uff0c\u4ece2024\u5e74\u7b2c\u4e00\u5b63\u5ea6\u76846,110\u4e07\u65b0\u5143\u589e\u81f36,900\u4e07\u65b0\u5143\uff0c\u8fd9\u5f97\u76ca\u4e8e\u6240\u6709PBSA\u548cPBWA\u8d44\u4ea7\u7684\u79df\u91d1\u4e0a\u8c03\u4ee5\u53ca\u65b0\u52a0\u5761\u548c\u82f1\u56fd\u7684\u5f3a\u52b2\u8d22\u52a1\u5165\u4f4f\u7387\uff0c\u4f46\u90e8\u5206\u88ab\u9a6c\u6765\u897f\u4e9a\u548c\u6fb3\u5927\u5229\u4e9a\u8d44\u4ea7\u7684\u8f83\u4f4e\u5165\u4f4f\u7387\u6240\u62b5\u6d88\u3002<br>  <\/li>\n\n\n\n<li>\u6211\u4eec\u5bf9\u57fa\u672c\u9762\u7684\u8bc4\u7ea7\u4e3a\u4e70\u5165\uff0c\u76ee\u6807\u4ef7\u4e3a 1.38 \u65b0\u5143\u3002\u8bf7\u5728<a href=\"https:\/\/www.kgieworld.sg\/research\/company-update-centurion-corp-ltd-cent-sp-ou8-si-4\/\">\u8fd9\u91cc<\/a>\u9605\u8bfb\u62a5\u544a\u5168\u6587<br>  <\/li>\n\n\n\n<li><strong>\u5e02\u573a\u5171\u8bc6<\/strong><figure><img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" class=\"wp-image-67920\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-blue-and-white-rectangular-box-with-white-text-18.png\" alt=\"A blue and white rectangular box with white text\n\nAI-generated content may be incorrect.\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-blue-and-white-rectangular-box-with-white-text-18.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-blue-and-white-rectangular-box-with-white-text-18-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1193\" height=\"575\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-on-a-white-background-ai-generated-conten-4.jpeg\" alt=\"A graph on a white background\n\nAI-generated content may be incorrect.\" class=\"wp-image-67921\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-on-a-white-background-ai-generated-conten-4.jpeg 1193w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-on-a-white-background-ai-generated-conten-4-300x145.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-on-a-white-background-ai-generated-conten-4-1024x494.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-on-a-white-background-ai-generated-conten-4-768x370.jpeg 768w\" sizes=\"(max-width: 1193px) 100vw, 1193px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" alt=\"A long line of a white background\n\nDescription automatically generated with medium confidence\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-long-line-of-a-white-background-description-aut-16.png\" class=\"wp-image-67922\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-long-line-of-a-white-background-description-aut-16.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-long-line-of-a-white-background-description-aut-16-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure> <\/strong><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><strong><strong>ISOTeam Ltd(ISO SP)\uff1a\u6293\u4f4f\u516c\u5171\u90e8\u95e8\u9700\u6c42\u4e0e\u53ef\u6301\u7eed\u53d1\u5c55\u7684\u987a\u98ce\u673a\u9047<\/strong><\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.075\uff0c\u76ee\u6807\u4ef7\uff1a0.083\uff0c\u6b62\u635f\u4ef7\uff1a0.071<\/strong><br>  <\/li>\n\n\n\n<li>ISOTeam Ltd\u662f\u4e00\u5bb6\u5efa\u7b51\u7ef4\u62a4\u548c\u5730\u4ea7\u5347\u7ea7\u516c\u53f8\uff0c\u4e13\u6ce8\u4e8e\u901a\u8fc7\u4fee\u7f2e\u4e0e\u91cd\u65b0\u88c5\u9970 (R&R) \u548c\u52a0\u5efa\u4e0e\u6539\u5efa (A&A) \u670d\u52a1\uff0c\u4e3a\u516c\u5171\u548c\u79c1\u4eba\u9886\u57df\u63d0\u4f9b\u73af\u4fdd\u89e3\u51b3\u65b9\u6848\u3002\u516c\u53f8\u5728\u65b0\u52a0\u5761\u5efa\u7b51\u53ca\u8bbe\u65bd\u7684\u5347\u7ea7\u3001\u6539\u9020\u548c\u7ef4\u62a4\u65b9\u9762\u62e5\u6709\u4e30\u5bcc\u7ecf\u9a8c\uff0c\u5e76\u81f4\u529b\u4e8e\u6539\u5584\u548c\u7115\u65b0\u516c\u5171\u4f4f\u623f\u666f\u89c2\u3001\u8bbe\u65bd\u548c\u73af\u5883<br>  <\/li>\n\n\n\n<li><strong>\u5f3a\u52b2\u4e14\u591a\u5143\u5316\u7684\u8ba2\u5355\u50a8\u5907\u3002<\/strong>\u622a\u81f32025\u5e742\u6708\uff0cISOTeam\u7684\u672a\u5b8c\u6210\u8ba2\u5355\u50a8\u5907\u8fbe1.887\u4ebf\u65b0\u5143\uff0c\u4e3a\u516c\u53f8\u63d0\u4f9b\u4e86\u52302029\u8d22\u5e74\u7684\u6e05\u6670\u6536\u5165\u53ef\u89c1\u6027\u3002\u96c6\u56e2\u80fd\u591f\u5f88\u597d\u5730\u6293\u4f4f\u6765\u81ea\u5347\u7ea7\u6539\u9020\u3001\u53ef\u6301\u7eed\u53d1\u5c55\u6539\u9020\u548c\u57fa\u7840\u8bbe\u65bd\u63d0\u5347\u9879\u76ee\u7684\u6301\u7eed\u9700\u6c42\u3002<br>  <\/li>\n\n\n\n<li><strong>\u6280\u672f\u9a71\u52a8\u7684\u751f\u4ea7\u529b\u63d0\u5347\u3002<\/strong>ISOTeam\u8ba1\u5212\u901a\u8fc7\u5176ISOTeam BuildTech\u90e8\u95e8\uff0c\u57282025\u5e74\u5e95\u524d\u5c06\u81ea\u4e3b\u5916\u5899\u6e05\u6d01\u548c\u55b7\u6d82\u65e0\u4eba\u673a\u5546\u4e1a\u5316\u3002\u516c\u53f8\u76ee\u6807\u63a8\u51fa18\u67b6\u65e0\u4eba\u673a\uff0c\u76ee\u524d\u6b63\u5728\u7b49\u5f85\u65b0\u52a0\u5761\u6c11\u822a\u5c40 (CAAS) \u7684\u8bb8\u53ef\u3002\u8fd9\u4e00\u5148\u53d1\u4f18\u52bf\u6709\u671b\u63d0\u9ad8\u7ef4\u62a4\u5de5\u4f5c\u7684\u6548\u7387\u5e76\u51cf\u5c11\u5bf9\u4eba\u5de5\u7684\u4f9d\u8d56\u3002<br>  <\/li>\n\n\n\n<li><strong>\u7ed3\u6784\u6027\u5229\u597d\u652f\u6491\u591a\u5e74\u7684\u589e\u957f\u53ef\u89c1\u6027\u3002<\/strong>ISOTeam\u6709\u80fd\u529b\u6293\u4f4f\u65b0\u52a0\u5761\u6301\u7eed\u7684\u516c\u5171\u90e8\u95e8\u5347\u7ea7\u548c\u7eff\u8272\u5021\u8bae\u7684\u673a\u9047\u3002\u5176\u6838\u5fc3\u7684\u4fee\u7f2e\u4e0e\u91cd\u65b0\u88c5\u9970 (R&R) \u548c\u52a0\u5efa\u4e0e\u6539\u5efa (A&A) \u670d\u52a1\u4e0e\u653f\u5e9c\u7684\u5e38\u89c4\u8ba1\u5212\u9ad8\u5ea6\u5951\u5408\uff0c\u5982\u5bb6\u5c45\u6539\u8fdb\u8ba1\u5212 (HIP)\u3001\u90bb\u91cc\u66f4\u65b0\u8ba1\u5212 (NRP) \u4ee5\u53ca2025-2027\u5e74\u8ba1\u5212\u63a8\u51fa\u7684\u8d85\u8fc750,000\u5957\u7ec4\u5c4b\u5efa\u5c4b\u8ba1\u5212 (BTO)\u3002\u8fd9\u4e9b\u5de5\u4f5c\u901a\u5e38\u6bcf\u4e94\u5230\u5341\u5e74\u5468\u671f\u6027\u8fdb\u884c\uff0c\u4e3a\u516c\u53f8\u63d0\u4f9b\u957f\u671f\u6536\u5165\u53ef\u89c1\u6027\u3002\u6b64\u5916\uff0cISOTeam\u8fd8\u6d89\u8db3\u53ef\u6301\u7eed\u76f8\u5173\u9879\u76ee\uff0c\u5982\u6ee1\u8db3\u65b0\u52a0\u5761\u52302030\u5e74\u5b9e\u73b02\u5409\u74e6\u5cf0\u503c (GWp) \u7684\u592a\u9633\u80fd\u88c5\u7f6e\u76ee\u6807\u3002\u5176\u6d82\u6599\u4e0e\u55b7\u6d82 (C&P) \u4e1a\u52a1\u8fd8\u652f\u6301\u653f\u5e9c\u901a\u8fc7\u70ed\u53cd\u5c04\u6d82\u6599\u7f13\u89e3\u57ce\u5e02\u70ed\u5c9b\u6548\u5e94 (UHI) \u7684\u4e3e\u63aa\u3002\u516c\u53f8\u5728\u673a\u5668\u4eba\u3001\u65e0\u4eba\u673a\u548c\u4eba\u5de5\u667a\u80fd\u55b7\u6d82\u89e3\u51b3\u65b9\u6848\u65b9\u9762\u7684\u65e9\u671f\u5e94\u7528\u8fdb\u4e00\u6b65\u63d0\u9ad8\u4e86\u751f\u4ea7\u529b\u5e76\u7f13\u89e3\u4e86\u52b3\u52a8\u529b\u9650\u5236\u3002\u51ed\u501f\u5176\u5f3a\u52b2\u7684\u8ba2\u5355\u50a8\u5907\uff0cISOTeam\u5c55\u73b0\u4e86\u6e05\u6670\u7684\u76c8\u5229\u53ef\u89c1\u6027\u548c\u591a\u5e74\u7684\u6301\u7eed\u589e\u957f\u6f5c\u529b\u3002<br>  <\/li>\n\n\n\n<li><strong>2025\u5e74\u4e0a\u534a\u5e74\u8d22\u52a1\u4e1a\u7ee9\u3002<\/strong>ISOTeam\u57282025\u8d22\u5e74\u4e0a\u534a\u5e74\u8868\u73b0\u5f3a\u52b2\uff0c\u6536\u5165\u540c\u6bd4\u589e\u957f4.2%\uff0c\u4ece2024\u8d22\u5e74\u4e0a\u534a\u5e74\u76846270\u4e07\u65b0\u5143\u589e\u81f36540\u4e07\u65b0\u5143\u3002\u8fd9\u4e00\u589e\u957f\u4e3b\u8981\u5f97\u76ca\u4e8e\u52a0\u5efa\u4e0e\u6539\u5efa (A&A) \u4e1a\u52a1\u7684\u66f4\u9ad8\u8d21\u732e\uff0c\u8be5\u4e1a\u52a1\u6536\u5165\u540c\u6bd4\u6fc0\u589e61.6%\uff0c\u4ece2024\u8d22\u5e74\u4e0a\u534a\u5e74\u76841870\u4e07\u65b0\u5143\u589e\u81f32025\u8d22\u5e74\u4e0a\u534a\u5e74\u76843030\u4e07\u65b0\u5143\u3002\u6bdb\u5229\u6da6\u540c\u6bd4\u589e\u957f18.4%\uff0c\u8fbe\u5230990\u4e07\u65b0\u5143\uff0c\u53cd\u6620\u4e86\u75ab\u60c5\u540e\u7b7e\u7ea6\u9879\u76ee\u7684\u5229\u6da6\u7387\u6539\u5584\u3002\u6b64\u5916\uff0c\u516c\u53f8\u62a5\u544a\u5f52\u5c5e\u4e8e\u80a1\u4e1c\u7684\u51c0\u5229\u6da6\u4e3a190\u4e07\u65b0\u5143\uff0c\u8f832024\u8d22\u5e74\u4e0a\u534a\u5e74\u7684140\u4e07\u65b0\u5143\u589e\u957f36.5%\u3002<br>  <\/li>\n\n\n\n<li>\u6211\u4eec\u5bf9\u57fa\u672c\u9762\u7684\u8bc4\u7ea7\u4e3a\u4e70\u5165\uff0c\u76ee\u6807\u4ef7\u4e3a 0.100\u65b0\u5143\u3002\u8bf7\u5728<a href=\"https:\/\/www.kgieworld.sg\/research\/company-initiation-isoteam-ltd-iso-sp-5wf-si\/\">\u8fd9\u91cc<\/a>\u9605\u8bfb\u62a5\u544a\u5168\u6587\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5e02\u573a\u5171\u8bc6\u3002<\/strong><figure><img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" class=\"wp-image-67923\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-blue-and-white-rectangular-box-with-white-text-19.png\" alt=\"A blue and white rectangular box with white text\n\nAI-generated content may be incorrect.\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-blue-and-white-rectangular-box-with-white-text-19.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-blue-and-white-rectangular-box-with-white-text-19-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1193\" height=\"575\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-on-a-screen-ai-generated-content-may-be-i-12.jpeg\" alt=\"A graph on a screen\n\nAI-generated content may be incorrect.\" class=\"wp-image-67924\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-on-a-screen-ai-generated-content-may-be-i-12.jpeg 1193w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-on-a-screen-ai-generated-content-may-be-i-12-300x145.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-on-a-screen-ai-generated-content-may-be-i-12-1024x494.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-on-a-screen-ai-generated-content-may-be-i-12-768x370.jpeg 768w\" sizes=\"(max-width: 1193px) 100vw, 1193px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-13.png\" class=\"wp-image-67925\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-13.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-13-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"hk\"><a id=\"post-67881-_f3bvj0c8rd86\"><\/a><strong><figure><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"128\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-14.png\" class=\"wp-image-67926\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-14.png 602w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-14-300x64.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/figure><\/strong><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-67881-_34eo5yf8y7pj\"><\/a><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u6bd4\u4e9a\u8fea (1211 HK)\uff1a\u63d0\u5347\u5e02\u573a\u5360\u6709\u7387<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a425\uff0c\u76ee\u6807\u4ef7\uff1a485\uff0c\u6b62\u635f\u4ef7\uff1a395<\/strong><br>  <\/li>\n\n\n\n<li>\u6bd4\u4e9a\u8fea\u80a1\u4efd\u6709\u9650\u516c\u53f8\u662f\u4e00\u5bb6\u4e2d\u56fd\u516c\u53f8\uff0c\u4e3b\u8981\u4ece\u4e8b\u4ea4\u901a\u8fd0\u8f93\u8bbe\u5907\u5236\u9020\u4e0e\u9500\u552e\u4e1a\u52a1\u3002\u8be5\u516c\u53f8\u8fd8\u4ece\u4e8b\u7535\u5b50\u5143\u5668\u4ef6\u548c\u65e5\u7528\u7535\u5b50\u5668\u4ef6\u5236\u9020\u4e0e\u9500\u552e\u4e1a\u52a1\u3002\u8be5\u516c\u53f8\u7684\u4ea7\u54c1\u5305\u62ec\u4e8c\u6b21\u5145\u7535\u7535\u6c60\u53ca\u5149\u4f0f\u4ea7\u54c1\u3001\u624b\u673a\u90e8\u4ef6\u53ca\u7ec4\u88c5\uff0c\u4ee5\u53ca\u6c7d\u8f66\u53ca\u76f8\u5173\u4ea7\u54c1\u7b49\u3002\u8be5\u516c\u53f8\u4e3b\u8981\u4e8e\u4e2d\u56fd\u3001\u7f8e\u56fd\u53ca\u6b27\u6d32\u5f00\u5c55\u4e1a\u52a1\u3002<br>  <\/li>\n\n\n\n<li><strong>\u62d3\u5c55\u6b27\u6d32\u5e02\u573a\u3002<\/strong>\u6bd4\u4e9a\u8fea\u8fd1\u65e5\u5ba3\u5e03\u5c06\u5728\u5308\u7259\u5229\u8bbe\u7acb\u6b27\u6d32\u603b\u90e8\uff0c\u8fdb\u4e00\u6b65\u5f70\u663e\u5176\u62d3\u5c55\u6b27\u6d32\u5e02\u573a\u7684\u6218\u7565\u51b3\u5fc3\u3002\u6839\u636e5\u670815\u65e5\u4e0e\u5308\u7259\u5229\u653f\u5e9c\u7b7e\u7f72\u7684\u6218\u7565\u5408\u4f5c\u534f\u8bae\uff0c\u516c\u53f8\u5c06\u628a\u6b27\u6d32\u603b\u90e8\u4ece\u8377\u5170\u8fc1\u81f3\u5308\u7259\u5229\u3002\u6bd4\u4e9a\u8fea\u5c06\u5728\u5e03\u8fbe\u4f69\u65af\u6295\u8d441,000\u4ebf\u5308\u7259\u5229\u798f\u6797\uff08\u7ea62.5\u4ebf\u6b27\u5143\uff09\u5efa\u8bbe\u4e1a\u52a1\u4e0e\u7814\u53d1\u4e2d\u5fc3\uff0c\u5308\u7259\u5229\u653f\u5e9c\u5c06\u63d0\u4f9b200\u4ebf\u798f\u6797\u7684\u8d22\u653f\u8865\u8d34\u3002\u8be5\u8ba1\u5212\u5c06\u542f\u52a8\u4e24\u9879\u91cd\u70b9\u9879\u76ee\uff1a\u4e00\u662f\u63a8\u52a8\u667a\u80fd\u6280\u672f\u5728\u73b0\u4ee3\u51fa\u884c\u89e3\u51b3\u65b9\u6848\u4e2d\u7684\u96c6\u6210\u5e94\u7528\uff0c\u4e8c\u662f\u5f00\u53d1\u4e0b\u4e00\u4ee3\u7535\u52a8\u51fa\u884c\u6280\u672f\u3002\u6b64\u4e3e\u4f53\u73b0\u4e86\u6bd4\u4e9a\u8fea\u6301\u7eed\u5f3a\u5316\u5176\u5728\u6b27\u6d32\u5e02\u573a\u5e03\u5c40\u7684\u52aa\u529b\u3002<br>  <\/li>\n\n\n\n<li><strong>\u6bd4\u4e9a\u8fea\u6c7d\u8f66\u65e5\u76ca\u53d7\u6b22\u8fce\u3002<\/strong>\u6bd4\u4e9a\u8fea\u8fd1\u671f\u5728\u591a\u4e2a\u56fd\u9645\u5e02\u573a\u5b9e\u73b0\u663e\u8457\u9500\u91cf\u589e\u957f\uff0c\u6210\u4e3a\u591a\u4e2a\u56fd\u5bb6\u7684\u7545\u9500\u54c1\u724c\u3002\u6839\u636e\u653f\u5e9c\u6570\u636e\uff0c\u622a\u81f32025\u5e74\u521d\uff0c\u6bd4\u4e9a\u8fea\u9996\u6b21\u5728\u65b0\u52a0\u5761\u8d85\u8fc7\u4e30\u7530\uff0c\u6210\u4e3a\u5f53\u5730\u6700\u7545\u9500\u6c7d\u8f66\u54c1\u724c\uff0c\u51f8\u663e\u5176\u4f5c\u4e3a\u9886\u5148\u7535\u52a8\u8f66\uff08EV\uff09\u5236\u9020\u5546\u7684\u5438\u5f15\u529b\u30022025\u5e744\u6708\uff0c\u6bd4\u4e9a\u8fea\u5728\u897f\u73ed\u7259\u3001\u610f\u5927\u5229\u3001\u6cd5\u56fd\u3001\u82f1\u56fd\u548c\u5fb7\u56fd\u7b49\u6b27\u6d32\u4e3b\u8981\u6c7d\u8f66\u5e02\u573a\u7684\u9500\u91cf\u4e5f\u5168\u9762\u8d85\u8fc7\u7279\u65af\u62c9\u3002\u572814\u4e2a\u6b27\u6d32\u56fd\u5bb6\uff0c\u6bd4\u4e9a\u8fea\u9500\u91cf\u8fbe11,123\u8f86\uff0c\u8fdc\u9ad8\u4e8e\u7279\u65af\u62c9\u76846,253\u8f86\u3002\u5728\u6fb3\u5927\u5229\u4e9a\uff0c\u6bd4\u4e9a\u8feaSealion 7\u8d85\u8d8a\u7279\u65af\u62c9Model Y\uff0c\u6210\u4e3a\u8be5\u56fd\u6700\u7545\u9500\u7684\u7535\u52a8\u8f66\u3002\u6bd4\u4e9a\u8fea\u5728\u5168\u7403\u5e02\u573a\u4efd\u989d\u7684\u4e0d\u65ad\u6269\u5927\uff0c\u53cd\u6620\u51fa\u5176\u4ea7\u54c1\u65e5\u76ca\u53d7\u5230\u6d88\u8d39\u8005\u9752\u7750\uff0c\u4e5f\u5f70\u663e\u4e86\u516c\u53f8\u52a0\u901f\u5168\u7403\u7535\u52a8\u8f66\u4e1a\u52a1\u6269\u5f20\u7684\u6210\u529f\u6218\u7565\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5168\u65b0\u6bd4\u4e9a\u8feae7\u5373\u5c06\u4e0a\u5e02\u3002<\/strong>\u6bd4\u4e9a\u8fea\u5c06\u4e8e\u672c\u5468\u516d\u6b63\u5f0f\u53d1\u5e03\u5168\u65b0\u7eaf\u7535\u52a8\u8f7f\u8f66e7\uff0c\u76ee\u6807\u5e02\u573a\u805a\u7126\u5171\u4eab\u51fa\u884c\u4e0e\u51fa\u79df\u8f66\u670d\u52a1\u3002e7\u4e13\u4e3a\u5546\u4e1a\u7528\u9014\u6253\u9020\uff0c\u62e5\u67092,820\u6beb\u7c73\u7684\u957f\u8f74\u8ddd\uff0c\u642d\u8f7d\u4e00\u53f0100\u5343\u74e6\uff08134\u9a6c\u529b\uff09\u7535\u673a\uff0c\u6700\u9ad8\u65f6\u901f\u53ef\u8fbe150\u516c\u91cc\/\u5c0f\u65f6\u3002\u8be5\u8f66\u578b\u63d0\u4f9b48\u5343\u74e6\u65f6\u548c57.6\u5343\u74e6\u65f6\u4e24\u79cd\u7535\u6c60\u7248\u672c\uff0cCLTC\u7eed\u822a\u5206\u522b\u53ef\u8fbe450\u516c\u91cc\u548c520\u516c\u91cc\u3002\u51ed\u501f\u5bbd\u655e\u7684\u7a7a\u95f4\u548c\u5b9e\u7528\u7684\u7eed\u822a\u8868\u73b0\uff0ce7\u6709\u671b\u83b7\u5f97\u4f01\u4e1a\u5ba2\u6237\u4e0e\u8f66\u961f\u8fd0\u8425\u5546\u7684\u5e7f\u6cdb\u9752\u7750\uff0c\u8fdb\u4e00\u6b65\u63a8\u52a8\u6bd4\u4e9a\u8fea\u5728\u5546\u7528\u7535\u52a8\u8f66\u5e02\u573a\u7684\u589e\u957f\u3002<br>  <\/li>\n\n\n\n<li><strong>2025\u5e74\u7b2c\u4e00\u5b63\u8d22\u62a5\u3002<\/strong>2025\u5e74\u7b2c\u4e00\u5b63\u8425\u4e1a\u6536\u5165\u540c\u6bd4\u589e\u957f36.4%\uff0c\u8fbe\u5230\u4eba\u6c11\u5e011,704\u4ebf\u5143\uff0c\u8f832024\u5e74\u7b2c\u4e00\u5b63\u7684\u4eba\u6c11\u5e011,249\u4ebf\u5143\u5927\u5e45\u63d0\u5347\u3002\u5f52\u5c5e\u4e8e\u80a1\u4e1c\u7684\u51c0\u5229\u6da6\u4e3a\u4eba\u6c11\u5e0191.5\u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f100.4%\uff0c\u8f832024\u5e74\u540c\u671f\u7684\u4eba\u6c11\u5e0145.7\u4ebf\u5143\u5b9e\u73b0\u7ffb\u756a\u3002\u6bcf\u80a1\u57fa\u672c\u6536\u76ca\u4e3a\u4eba\u6c11\u5e013.12\u5143\uff0c\u9ad8\u4e8e2024\u5e74\u540c\u671f\u7684\u4eba\u6c11\u5e011.57\u5143\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5e02\u573a\u5171\u8bc6<figure><img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" class=\"wp-image-67927\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-15.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-15.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-15-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure><\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1193\" height=\"575\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-16.jpeg\" alt=\"\" class=\"wp-image-67928\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-16.jpeg 1193w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-16-300x145.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-16-1024x494.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-16-768x370.jpeg 768w\" sizes=\"(max-width: 1193px) 100vw, 1193px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-17.png\" class=\"wp-image-67929\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-17.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-17-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/strong><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u4e2d\u56fd\u79fb\u52a8 (941 HK)\uff1a\u4eba\u5de5\u667a\u80fd\u8d44\u672c\u652f\u51fa\u63a8\u52a8\u6570\u636e\u4e2d\u5fc3\u9700\u6c42<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a79.0\uff0c\u76ee\u6807\u4ef7\uff1a89.0\uff0c\u6b62\u635f\u4ef7\uff1a74.0<\/strong><br>  <\/li>\n\n\n\n<li>\u4e2d\u56fd\u79fb\u52a8\u6709\u9650\u516c\u53f8\u662f\u4e00\u5bb6\u4e3b\u8981\u4ece\u4e8b\u901a\u4fe1\u53ca\u4fe1\u606f\u670d\u52a1\u7684\u4e2d\u56fd\u516c\u53f8\u3002\u8be5\u516c\u53f8\u7684\u4e1a\u52a1\u5305\u62ec\u4e2a\u4eba\u5e02\u573a\u4e1a\u52a1\u3001\u5bb6\u5ead\u5e02\u573a\u4e1a\u52a1\u3001\u653f\u4f01\u5e02\u573a\u4e1a\u52a1\u548c\u65b0\u5174\u5e02\u573a\u4e1a\u52a1\u3002\u4e2a\u4eba\u5e02\u573a\u4e1a\u52a1\u4e3b\u8981\u63d0\u4f9b\u79fb\u52a8\u901a\u4fe1\u670d\u52a1\u4e0e\u4e92\u8054\u7f51\u63a5\u5165\u670d\u52a1\u3002\u5bb6\u5ead\u5e02\u573a\u4e1a\u52a1\u4e3b\u8981\u63d0\u4f9b\u5bbd\u5e26\u63a5\u5165\u670d\u52a1\u3002\u653f\u4f01\u5e02\u573a\u4e1a\u52a1\u63d0\u4f9b\u57fa\u7840\u901a\u4fe1\u670d\u52a1\uff0c\u4fe1\u606f\u5316\u5e94\u7528\u4ea7\u54c1\u548c\u6570\u636e\u3001\u4fe1\u606f\u3001\u901a\u4fe1\u3001\u6280\u672f\uff08DICT\uff09\u89e3\u51b3\u65b9\u6848\u3002\u65b0\u5174\u5e02\u573a\u4e1a\u52a1\u5305\u62ec\u56fd\u9645\u4e1a\u52a1\u3001\u6570\u5b57\u5185\u5bb9\u548c\u79fb\u52a8\u652f\u4ed8\u7b49\u65b0\u5174\u9886\u57df\u3002<br>  <\/li>\n\n\n\n<li><strong>AI\u96c6\u6210\u3002<\/strong>\u672c\u5e74\u65e9\u4e9b\u65f6\u5019\uff0c\u4e2d\u56fd\u79fb\u52a8\u4e0e\u5176\u4ed6\u4e3b\u8981\u4e2d\u56fd\u7535\u4fe1\u516c\u53f8\u5ba3\u5e03\u5c06DeepSeek\u7684\u4eba\u5de5\u667a\u80fd\uff08AI\uff09\u6a21\u578b\u96c6\u6210\u81f3\u5176\u670d\u52a1\u548c\u4ea7\u54c1\u4e2d\u3002\u8fd9\u4e00\u4e3e\u63aa\u7b26\u5408\u4e2d\u56fd\u9876\u7ea7\u79d1\u6280\u4f01\u4e1a\u7684\u66f4\u5e7f\u6cdb\u8d8b\u52bf\uff0c\u5305\u62ec\u963f\u91cc\u5df4\u5df4\u96c6\u56e2\u3001\u817e\u8baf\u63a7\u80a1\u548c\u767e\u5ea6\u516c\u53f8\uff0c\u8fd9\u4e9b\u4f01\u4e1a\u6b63\u5728\u52a0\u5927\u5bf9DeepSeek\u6700\u65b0AI\u6a21\u578b\u7684\u652f\u6301\u529b\u5ea6\uff0c\u5e76\u5728\u5404\u81ea\u5e73\u53f0\u4e0a\u8fdb\u884c\u90e8\u7f72\u3002\u5c3d\u7ba1\u8fd9\u4e9b\u7535\u4fe1\u5de8\u5934\u5728\u8fc7\u53bb\u4e24\u5e74\u95f4\u5df2\u5f00\u59cb\u81ea\u4e3b\u5f00\u53d1\u5927\u8bed\u8a00\u6a21\u578b\uff08LLM\uff09\uff0c\u4ee5\u5e94\u5bf9\u5168\u7403\u7531OpenAI\u63a8\u52a8\u7684AI\u70ed\u6f6e\uff0c\u4f46\u4ed6\u4eec\u4e3b\u8981\u5229\u7528DeepSeek\u7684\u6a21\u578b\u6765\u652f\u6301\u4e91\u7aef\u5e94\u7528\u3002\u5c24\u5176\u662f\u4e2d\u56fd\u79fb\u52a8\uff0c\u5df2\u5c06DeepSeek\u4eceDeepSeek-V1\u5230\u6700\u65b0\u7684DeepSeek-R1\u7684\u5168\u5957\u6a21\u578b\u96c6\u6210\u5230\u5176\u8ba1\u7b97\u5e73\u53f0\u4e2d\uff0c\u4f7f\u5404\u7c7b\u4f01\u4e1a\u80fd\u591f\u8bbf\u95ee\u8fd9\u4e9b\u6a21\u578b\u3001\u90e8\u7f72\u5e94\u7528\u7a0b\u5e8f\u63a5\u53e3\uff08API\uff09\u5e76\u5728\u5176\u5e73\u53f0\u4e0a\u6784\u5efa\u65b0\u7684AI\u4ee3\u7406\u3002<br>  <\/li>\n\n\n\n<li><strong>\u667a\u80fd\u8bbe\u5907\u589e\u957f\u4e0e5G\u666e\u53ca\u3002<\/strong>2024\u5e74\uff0c\u4e2d\u56fd\u624b\u673a\u5e02\u573a\u5b9e\u73b0\u7a33\u5065\u589e\u957f\uff0c\u603b\u51fa\u8d27\u91cf\u540c\u6bd4\u589e\u957f8.7%\uff0c\u8fbe3.14\u4ebf\u90e8\u3002\u5176\u4e2d\uff0c2024\u5e7412\u6708\u51fa\u8d27\u91cf\u540c\u6bd4\u5927\u589e22.1%\uff0c\u8fbe3453\u4e07\u90e8\u30025G\u667a\u80fd\u624b\u673a\u4e3b\u5bfc\u5e02\u573a\uff0c\u536012\u6708\u603b\u51fa\u8d27\u91cf\u768488.1%\uff0c\u5168\u5e74\u603b\u51fa\u8d27\u91cf\u768486.6%\u3002\u8fd9\u4e00\u8d8b\u52bf\u53d7\u5230\u4e2d\u56fd5G\u57fa\u7840\u8bbe\u65bd\u5feb\u901f\u6269\u5f20\u7684\u652f\u6301\uff0c\u76ee\u524d\u5168\u56fd5G\u57fa\u7ad9\u5df2\u8d85\u8fc7425\u4e07\u5ea7\uff0c5G\u7528\u6237\u8d85\u8fc710\u4ebf\u4eba\u3002\u667a\u80fd\u8bbe\u5907\u7684\u666e\u53ca\uff0c\u7279\u522b\u662f5G\u667a\u80fd\u624b\u673a\u7684\u589e\u957f\uff0c\u9884\u8ba1\u5c06\u63a8\u52a8\u4e2d\u56fd\u79fb\u52a8\u7528\u6237\u57fa\u6570\u7684\u8fdb\u4e00\u6b65\u6269\u5927\uff0c\u66f4\u591a\u7528\u6237\u5c06\u5bfb\u6c42\u9ad8\u901f\u8fde\u63a5\u548c\u5148\u8fdb\u7684\u79fb\u52a8\u670d\u52a1\u3002<br>  <\/li>\n\n\n\n<li><strong>\u6df1\u5316AI\u53d1\u5c55\u7684\u6218\u7565\u5408\u4f5c\u534f\u8bae\u3002<\/strong>\u4e2d\u56fd\u79fb\u52a8\u8fd1\u65e5\u5ba3\u5e03\u4e0e\u6210\u90fd\u5e02\u8fbe\u6210\u6218\u7565\u5408\u4f5c\u534f\u8bae\uff0c\u4ee5\u6df1\u5316\u591a\u9886\u57df\u5408\u4f5c\u3002\u6839\u636e\u534f\u8bae\uff0c\u53cc\u65b9\u5c06\u5728AI\u30015G-A\u548c\u4e0b\u4e00\u4ee3\u7f51\u7edc\u7b49\u57fa\u7840\u8bbe\u65bd\u5efa\u8bbe\u65b9\u9762\u52a0\u5f3a\u5408\u4f5c\uff0c\u63a8\u52a8\u6280\u672f\u521b\u65b0\u4e0e\u5546\u4e1a\u5316\uff0c\u5e76\u5728\u4f9b\u5e94\u94fe\u3001\u4ea7\u4e1a\u6295\u8d44\u3001\u667a\u80fd\u786c\u4ef6\u7b49\u9886\u57df\u6df1\u5316\u5408\u4f5c\u3002\u53cc\u65b9\u8fd8\u5c06\u63a2\u7d22\u667a\u6167\u57ce\u5e02\u3001\u6570\u636e\u4ea7\u4e1a\u30015G\u5de5\u4e1a\u4e92\u8054\u7f51\u5e94\u7528\u53ca\u4f4e\u7a7a\u7ecf\u6d4e\u7b49\u673a\u4f1a\uff0c\u52a9\u529b\u6210\u90fd\u5e02\u7535\u5b50\u4fe1\u606f\u548c\u97f3\u89c6\u9891\u5a31\u4e50\u4ea7\u4e1a\u7684\u9ad8\u8d28\u91cf\u53d1\u5c55\u3002\u8be5\u5408\u4f5c\u9884\u8ba1\u5c06\u8fdb\u4e00\u6b65\u63d0\u5347\u4e2d\u56fd\u79fb\u52a8\u5728\u4e2d\u56fdAI\u751f\u6001\u7cfb\u7edf\u4e2d\u7684\u7ade\u4e89\u529b\u3002<br>  <\/li>\n\n\n\n<li><strong>2024\u8d22\u5e74\u524d\u4e5d\u4e2a\u6708\u8d22\u52a1\u4e1a\u7ee9\u3002<\/strong>2024\u5e74\u524d\u4e5d\u4e2a\u6708\uff0c\u516c\u53f8\u6536\u5165\u540c\u6bd4\u589e\u957f2.0%\u81f3\u4eba\u6c11\u5e017915\u4ebf\u5143\uff0c\u800c2023\u5e74\u540c\u671f\u4e3a\u4eba\u6c11\u5e017756\u4ebf\u5143\u3002\u5f52\u5c5e\u4e8e\u80a1\u4e1c\u7684\u5229\u6da6\u540c\u6bd4\u589e\u957f5.1%\u81f3\u4eba\u6c11\u5e011109\u4ebf\u5143\uff0c2023\u5e74\u540c\u671f\u4e3a\u4eba\u6c11\u5e011055\u4ebf\u5143\u30022024\u5e74\u524d\u4e5d\u4e2a\u6708\u7684\u57fa\u672c\u6bcf\u80a1\u6536\u76ca\u4e3a\u4eba\u6c11\u5e015.18\u5143\uff0c\u800c2023\u5e74\u540c\u671f\u4e3a\u4eba\u6c11\u5e014.94\u5143\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5e02\u573a\u5171\u8bc6<figure><img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" class=\"wp-image-67930\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-blue-and-white-rectangular-box-with-white-text-20.png\" alt=\"A blue and white rectangular box with white text\n\nAI-generated content may be incorrect.\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-blue-and-white-rectangular-box-with-white-text-20.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-blue-and-white-rectangular-box-with-white-text-20-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure><\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1193\" height=\"575\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-with-green-and-red-lines-ai-generated-con-12.jpeg\" alt=\"A graph with green and red lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67931\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-with-green-and-red-lines-ai-generated-con-12.jpeg 1193w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-with-green-and-red-lines-ai-generated-con-12-300x145.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-with-green-and-red-lines-ai-generated-con-12-1024x494.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-with-green-and-red-lines-ai-generated-con-12-768x370.jpeg 768w\" sizes=\"(max-width: 1193px) 100vw, 1193px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-20.png\" alt=\"\" class=\"wp-image-67932\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-20.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-20-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"us\"><a id=\"post-67881-_6xzuwbi3dcr\"><\/a><strong><figure><img loading=\"lazy\" decoding=\"async\" width=\"827\" height=\"105\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-21.png\" class=\"wp-image-67933\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-21.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-21-300x38.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-21-768x98.png 768w\" sizes=\"(max-width: 827px) 100vw, 827px\" \/><\/figure><\/strong><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Relx PLC. (RELX US)\uff1a\u4ece\u4e00\u7b14\u5927\u4ea4\u6613\u4e2d\u83b7\u76ca<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a54.2 \u76ee\u6807\u4ef7\uff1a59.0 \u6b62\u635f\u4ef7\uff1a51.8<\/strong><br>  <\/li>\n\n\n\n<li>Relx PLC \u662f\u4e00\u5bb6\u603b\u90e8\u4f4d\u4e8e\u82f1\u56fd\u4f26\u6566\u7684\u8de8\u56fd\u4fe1\u606f\u4e0e\u5206\u6790\u516c\u53f8\uff0c\u4e13\u4e3a\u4e13\u4e1a\u548c\u5546\u4e1a\u5ba2\u6237\u63d0\u4f9b\u57fa\u4e8e\u4fe1\u606f\u7684\u5206\u6790\u548c\u51b3\u7b56\u5de5\u5177\u3002\u8be5\u516c\u53f8\u524d\u8eab\u4e3a Reed Elsevier\uff0c\u4e8e2015\u5e74\u66f4\u540d\u4e3a Relx\u3002Relx \u7684\u4e1a\u52a1\u904d\u53ca\u5168\u7403 40 \u4e2a\u56fd\u5bb6\uff0c\u670d\u52a1\u8d85\u8fc7 180 \u4e2a\u56fd\u5bb6\u7684\u5ba2\u6237\u3002<br>  <\/li>\n\n\n\n<li><strong>AI \u9a71\u52a8\u7684\u4ea7\u54c1\u521b\u65b0\u3002<\/strong>Relx \u79ef\u6781\u5c06\u4eba\u5de5\u667a\u80fd\u5e94\u7528\u4e8e\u5176\u4ea7\u54c1\u7ebf\uff0c\u5982 Elsevier \u7684 ScienceDirect AI \u53ef\u5feb\u901f\u603b\u7ed3\u6570\u767e\u4e07\u7bc7\u7814\u7a76\u6587\u7ae0\uff0cLexis+AI \u5219\u534f\u52a9\u6cd5\u5f8b\u4e13\u4e1a\u4eba\u58eb\u8fdb\u884c\u6848\u4f8b\u6458\u8981\u4e0e\u6587\u4ef6\u8349\u62df\uff0c\u63d0\u5347\u7528\u6237\u6548\u7387\u3002<br>  <\/li>\n\n\n\n<li><strong>\u7a33\u5b9a\u7684\u8ba2\u9605\u6536\u5165\u6a21\u5f0f\u3002<\/strong>\u8be5\u516c\u53f8\u7ea6 54% \u7684\u8425\u6536\u6765\u81ea\u8ba2\u9605\u670d\u52a1\uff0c\u6db5\u76d6\u5b66\u672f\u51fa\u7248\u3001\u6cd5\u5f8b\u4fe1\u606f\u4e0e\u98ce\u9669\u5206\u6790\u7b49\u9886\u57df\uff0c\u63d0\u4f9b\u7a33\u5b9a\u7684\u73b0\u91d1\u6d41\u4e0e\u9ad8\u8fbe 34% \u7684\u5229\u6da6\u7387\u3002\u6cd5\u5f8b\u4e0e\u79d1\u5b66\u6280\u672f\u533b\u5b66\uff08STM\uff09\u90e8\u95e8\u8d21\u732e\u4e86\u96c6\u56e2\u8d85\u8fc7\u534a\u6570\u7684\u6536\u5165\uff0c\u800c\u8fd9\u4e24\u4e2a\u90e8\u95e8\u4e2d\uff0c\u4ec5\u7ea6 20% \u548c 25% \u7684\u6536\u5165\u6765\u81ea\u4e00\u6b21\u6027\u4ea4\u6613\uff0c\u5176\u4f59\u4e3a\u957f\u671f\u5408\u7ea6\u6216\u8ba2\u9605\u6a21\u5f0f\u3002<br>  <\/li>\n\n\n\n<li><strong>\u79ef\u6781\u80a1\u7968\u56de\u8d2d\u3002<\/strong>\u8be5\u516c\u53f8\u4e8e 2024 \u5e74\u65a5\u8d44 10 \u4ebf\u82f1\u9551\u56de\u8d2d\u80a1\u7968\uff0c\u5e76\u8ba1\u5212\u5728 2025 \u5e74\u589e\u52a0\u81f3 15 \u4ebf\u82f1\u9551\u3002<br>  <\/li>\n\n\n\n<li><strong>2024\u8d22\u5e74\u4e1a\u7ee9\u3002<\/strong>\u6536\u5165\u540c\u6bd4\u589e\u957f7%\uff0c\u4ece2023\u8d22\u5e74\u768491.61\u4ebf\u82f1\u9551\u589e\u81f394.34\u4ebf\u82f1\u9551\u3002\u8c03\u6574\u540e\u7684\u6bcf\u80a1\u6536\u76ca (EPS) \u589e\u957f5%\uff0c\u4ece114.0\u4fbf\u58eb\u589e\u81f3120.1\u4fbf\u58eb\uff08\u6309\u56fa\u5b9a\u6c47\u7387\u8ba1\u7b97\u589e\u957f9%\uff09\u3002RELX\u5ba3\u5e03\u6d3e\u53d1\u6bcf\u80a10.5586\u7f8e\u5143\u7684\u534a\u5e74\u80a1\u606f\uff0c\u5c06\u4e8e6\u670825\u65e5\u652f\u4ed8\u7ed9\u622a\u81f35\u67089\u65e5\u767b\u8bb0\u5728\u518c\u7684\u80a1\u4e1c\u3002\u516c\u53f8\u8fd8\u5ba3\u5e032025\u5e74\u5c06\u8fdb\u884c15\u4ebf\u82f1\u9551\u7684\u80a1\u7968\u56de\u8d2d\uff0c\u8d85\u51fa\u5e02\u573a\u9884\u671f\uff08\u5e02\u573a\u9884\u671f\u533a\u95f4\u4e3a10.5\u4ebf\u82f1\u9551\u81f314\u4ebf\u82f1\u9551\uff09\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5e02\u573a\u5171\u8bc6<\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-blue-and-white-rectangular-box-with-white-text-21.png\" alt=\"A blue and white rectangular box with white text\n\nAI-generated content may be incorrect.\" class=\"wp-image-67934\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-blue-and-white-rectangular-box-with-white-text-21.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-blue-and-white-rectangular-box-with-white-text-21-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1209\" height=\"552\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-with-green-and-red-lines-ai-generated-con-13.jpeg\" alt=\"A graph with green and red lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67935\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-with-green-and-red-lines-ai-generated-con-13.jpeg 1209w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-with-green-and-red-lines-ai-generated-con-13-300x137.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-with-green-and-red-lines-ai-generated-con-13-1024x468.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-with-green-and-red-lines-ai-generated-con-13-768x351.jpeg 768w\" sizes=\"(max-width: 1209px) 100vw, 1209px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"200\" alt=\"A long line of a flag\n\nDescription automatically generated with medium confidence\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-long-line-of-a-flag-description-automatically-g-16.png\" class=\"wp-image-67936\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-long-line-of-a-flag-description-automatically-g-16.png 940w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-long-line-of-a-flag-description-automatically-g-16-300x64.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-long-line-of-a-flag-description-automatically-g-16-768x163.png 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure><strong> <\/strong><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Arm Holdings PLC. (ARM US)\uff1a\u4ece\u4e00\u7b14\u5927\u4ea4\u6613\u4e2d\u83b7\u76ca<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a130 \u76ee\u6807\u4ef7\uff1a142 \u6b62\u635f\u4ef7\uff1a124<\/strong><br>  <\/li>\n\n\n\n<li>Arm Holdings PLC\u662f\u4e00\u5bb6\u63a7\u80a1\u516c\u53f8\u3002\u901a\u8fc7\u5176\u5b50\u516c\u53f8\uff0cArm\u8bbe\u8ba1\u548c\u5236\u9020\u534a\u5bfc\u4f53\u6280\u672f\u53ca\u5176\u4ed6\u76f8\u5173\u4ea7\u54c1\uff0c\u5982\u8ba1\u7b97\u5904\u7406\u5668\u3001\u5185\u5b58\u63a7\u5236\u5668\u3001\u4e92\u8054\u7f51\u534f\u8bae\u7cfb\u7edf\u3001\u56fe\u5f62\u5904\u7406\u5668\u3001\u5b89\u5168\u4e0e\u5b58\u50a8\u8bbe\u5907\u3002Arm\u4e3a\u5168\u7403\u6c7d\u8f66\u3001\u57fa\u7840\u8bbe\u65bd\u548c\u6d88\u8d39\u79d1\u6280\u5e02\u573a\u63d0\u4f9b\u670d\u52a1\u3002<br>  <\/li>\n\n\n\n<li><strong>\u4eba\u5de5\u667a\u80fd\u9700\u6c42\u52a0\u901f\u7684\u6709\u5229\u56e0\u7d20\u3002<\/strong>Arm\u5728\u4eba\u5de5\u667a\u80fd\u548c\u4e91\u8ba1\u7b97\u9769\u547d\u4e2d\u5904\u4e8e\u6838\u5fc3\u5730\u4f4d\uff0c\u5176\u8282\u80fd\u67b6\u6784\u6b63\u88ab\u8c37\u6b4c\u548c\u5fae\u8f6f\u7b49\u8d85\u5927\u89c4\u6a21\u6570\u636e\u4e2d\u5fc3\u5e7f\u6cdb\u91c7\u7528\u3002\u9884\u8ba1\u52302025\u5e74\uff0c\u8fd1\u4e00\u534a\u7684\u65b0\u670d\u52a1\u5668\u82af\u7247\u5c06\u57fa\u4e8eArm\u67b6\u6784\uff0c\u8fd9\u51f8\u663e\u4e86\u5176\u5728\u6570\u636e\u4e2d\u5fc3\u3001\u8fb9\u7f18AI\u4ee5\u53ca\u6c7d\u8f66\u7cfb\u7edf\u4e2d\u7684\u91cd\u8981\u4f5c\u7528\u3002\u6700\u8fd1\u5728\u7279\u6717\u666e\u603b\u7edf\u4e2d\u4e1c\u8bbf\u95ee\u671f\u95f4\u5ba3\u5e03\u76846000\u4ebf\u7f8e\u5143\u4ea4\u6613\uff0c\u63a8\u52a8\u4e86\u4eba\u5de5\u667a\u80fd\u57fa\u7840\u8bbe\u65bd\u80a1\u7968\u7684\u4e0a\u6da8\u3002\u4f5c\u4e3a\u4eba\u5de5\u667a\u80fd\u82af\u7247\u5236\u9020\u5546\u7684\u91cd\u8981IP\u4f9b\u5e94\u5546\uff0cArm\u5c06\u95f4\u63a5\u53d7\u76ca\u4e8e\u4e0e\u6c99\u7279\u963f\u62c9\u4f2f\u7684\u4eba\u5de5\u667a\u80fd\u5408\u4f5c\u8ba1\u5212\u3002\u518d\u52a0\u4e0a\u4f01\u4e1a\u6280\u672f\u9700\u6c42\u7684\u97e7\u6027\u4ee5\u53ca\u6765\u81eaNvidia\u548cAmazon\u7b49\u5408\u4f5c\u4f19\u4f34\u7684\u5f3a\u52b2\u7ecf\u5e38\u6027\u6536\u5165\uff0cArm\u5728\u5168\u7403\u4eba\u5de5\u667a\u80fd\u8d44\u672c\u652f\u51fa\u4e0a\u5347\u7684\u80cc\u666f\u4e0b\uff0c\u4e3a\u591a\u5e74\u7684\u589e\u957f\u5960\u5b9a\u4e86\u575a\u5b9e\u57fa\u7840\u3002<br>  <\/li>\n\n\n\n<li><strong>\u9ad8\u5229\u6da6\u7387\u7684\u4e13\u5229\u6388\u6743\u4e0e\u8bb8\u53ef\u6269\u5f20\u9a71\u52a8\u76c8\u5229\u80fd\u529b\u3002<\/strong>Arm\u5728\u4e0a\u5b63\u5ea6\u521b\u9020\u4e86\u8d85\u8fc76\u4ebf\u7f8e\u5143\u7684\u4e13\u5229\u6388\u6743\u548c\u8bb8\u53ef\u6536\u5165\uff0c\u521b\u4e0b\u5386\u53f2\u65b0\u9ad8\uff0c\u7a81\u663e\u4e86\u5176\u8f7b\u8d44\u4ea7\u3001\u9ad8\u5229\u6da6\u7387\u5546\u4e1a\u6a21\u5f0f\u7684\u53ef\u6269\u5c55\u6027\u3002\u5305\u62ec\u6c7d\u8f66\u884c\u4e1a\u5728\u5185\u7684\u65b0\u591a\u5e74\u5ea6\u6388\u6743\u534f\u8bae\uff0c\u4ee5\u53caArmv9 CPU\u548c\u8ba1\u7b97\u5b50\u7cfb\u7edf\u7684\u52a0\u901f\u91c7\u7528\uff0c\u4f7f\u516c\u53f8\u80fd\u591f\u5728\u7269\u8054\u7f51\u3001\u6c7d\u8f66\u548c\u4eba\u5de5\u667a\u80fd\u7b49\u589e\u957f\u9886\u57df\u6269\u5927\u5e02\u573a\u4efd\u989d\u548c\u76c8\u5229\u80fd\u529b\u3002<br>  <\/li>\n\n\n\n<li><strong>2025\u5e74\u7b2c\u56db\u5b63\u4e1a\u7ee9\u3002<\/strong>\u6536\u5165\u540c\u6bd4\u589e\u957f33.6%\uff0c\u8fbe\u523012.4\u4ebf\u7f8e\u5143\uff0c\u9ad8\u4e8e\u9884\u671f1,000\u4e07\u7f8e\u5143\u3002Non-GAAP\u6bcf\u80a1\u6536\u76ca\u4e3a0.55\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.03\u7f8e\u5143\u3002\u516c\u53f8\u9884\u6d4b\u7b2c\u4e00\u5b63\u5ea6\u6536\u5165\u5c06\u572810\u4ebf\u7f8e\u5143\u81f311\u4ebf\u7f8e\u5143\u4e4b\u95f4\uff0c\u4e2d\u70b9\u4f4e\u4e8e\u5206\u6790\u5e08\u5e73\u5747\u9884\u671f\u768411\u4ebf\u7f8e\u5143\u3002Arm\u9884\u8ba1\u7b2c\u4e00\u5b63\u5ea6\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca\u4e3a0.30\u81f30.38\u7f8e\u5143\uff0c\u800c\u5206\u6790\u5e08\u9884\u671f\u4e3a0.42\u7f8e\u5143\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5e02\u573a\u5171\u8bc6<\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-blue-and-white-rectangular-object-with-numbers-13.png\" alt=\"A blue and white rectangular object with numbers\n\nAI-generated content may be incorrect.\" class=\"wp-image-67937\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-blue-and-white-rectangular-object-with-numbers-13.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-blue-and-white-rectangular-object-with-numbers-13-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1193\" height=\"575\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-with-green-and-red-lines-ai-generated-con-14.jpeg\" alt=\"A graph with green and red lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67938\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-with-green-and-red-lines-ai-generated-con-14.jpeg 1193w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-with-green-and-red-lines-ai-generated-con-14-300x145.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-with-green-and-red-lines-ai-generated-con-14-1024x494.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-with-green-and-red-lines-ai-generated-con-14-768x370.jpeg 768w\" sizes=\"(max-width: 1193px) 100vw, 1193px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a id=\"post-67881-_Hlt181111973\"><\/a><a id=\"post-67881-_Hlt181111974\"><\/a><\/p>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"#top\" title=\"\">^ Back To Top<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-67881-_va9jaog5jnw3\"><\/a><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-27.png\" class=\"wp-image-67939\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-27.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-27-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/h3>\n\n\n\n<figure class=\"wp-block-image\" id=\"td\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"128\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-28.png\" alt=\"\" class=\"wp-image-67940\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-28.png 618w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-28-300x62.png 300w\" sizes=\"(max-width: 618px) 100vw, 618px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trading Dashboard Update: <\/strong>Take profit on Zixin Group Holdings Ltd (ZXGH SP) at S$0.033. Add BYD Co Ltd (1211 HK) at HK$425, Centurion Corp Ltd (CENT SP) at S$1.30 and Arm Holdings Plc (ARM US) at US$130. Cut loss on JL Mag Rare Earth Co Ltd (6680 HK) at HK$14.1. \n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"943\" height=\"443\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-29.png\" alt=\"\" class=\"wp-image-67941\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-29.png 943w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-29-300x141.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67881-29-768x361.png 768w\" sizes=\"(max-width: 943px) 100vw, 943px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-56591-_tiry8p5xvcqk\"><\/a><\/h3>\n\n\n\n<div class=\"wp-block-uagb-image alignleft uagb-block-971ecb1b wp-block-uagb-image--layout-default wp-block-uagb-image--effect-static wp-block-uagb-image--align-left\"><figure class=\"wp-block-uagb-image__figure\"><a class=\"\" href=\"https:\/\/www.kgieworld.sg\/research\/KGISGWA\" target=\"\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/Get-more-from-KGI-on-WhatsApp.png ,https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/Get-more-from-KGI-on-WhatsApp.png 780w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/Get-more-from-KGI-on-WhatsApp.png 360w\" sizes=\"auto, (max-width: 480px) 150px\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/Get-more-from-KGI-on-WhatsApp.png\" alt=\"\" class=\"uag-image-59753\" width=\"637\" height=\"174\" title=\"Get more from KGI on WhatsApp.\" loading=\"lazy\" role=\"img\"\/><\/a><\/figure><\/div>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/t.me\/kgisg\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-69.png\" alt=\"\" class=\"wp-image-15031\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-69.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-69-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/a><\/figure>\n\n\n","protected":false},"excerpt":{"rendered":"<p>\u65b0\u52a0\u5761\u80a1\u7968\u63a8\u8350 | \u9999\u6e2f\u80a1\u7968\u63a8\u8350 | \u7f8e\u80a1\u63a8\u8350 | \u884c\u4e1a\u677f\u5757\u8868\u73b0 | \u4ea4\u6613\u9f99\u864e\u699c \u7f8e\u56fd \u9999\u6e2f ^ Back To Top \u80dc\u6377\u4f01\u4e1a (CENT SP)\uff1a\u5728\u5168\u7403\u4e0d\u786e\u5b9a\u6027\u4e2d\u6301\u7eed\u5f3a\u52b2\u8868\u73b0 (Source: Bloomberg) ISOTeam Ltd(ISO SP)\uff1a\u6293\u4f4f\u516c\u5171\u90e8\u95e8\u9700\u6c42\u4e0e\u53ef\u6301\u7eed\u53d1\u5c55\u7684\u987a\u98ce\u673a\u9047 (Source: Bloomberg) \u6bd4\u4e9a\u8fea (1211 HK)\uff1a\u63d0\u5347\u5e02\u573a\u5360\u6709\u7387 (Source: Bloomberg) \u4e2d\u56fd\u79fb\u52a8 (941 HK)\uff1a\u4eba\u5de5\u667a\u80fd\u8d44\u672c\u652f\u51fa\u63a8\u52a8\u6570\u636e\u4e2d\u5fc3\u9700\u6c42 (Source: Bloomberg) Relx PLC. (RELX US)\uff1a\u4ece\u4e00\u7b14\u5927\u4ea4\u6613\u4e2d\u83b7\u76ca (Source: Bloomberg) Arm Holdings PLC. (ARM US)\uff1a\u4ece\u4e00\u7b14\u5927\u4ea4\u6613\u4e2d\u83b7\u76ca (Source: Bloomberg) ^ Back To Top Trading Dashboard Update: [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":38071,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_uag_custom_page_level_css":"","footnotes":""},"categories":[13],"tags":[],"class_list":["post-67881","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kgi-daily-trading-ideas-chinese"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"\u65b0\u52a0\u5761\u80a1\u7968\u63a8\u8350 | \u9999\u6e2f\u80a1\u7968\u63a8\u8350 | \u7f8e\u80a1\u63a8\u8350 | \u884c\u4e1a\u677f\u5757\u8868\u73b0 | \u4ea4\u6613\u9f99\u864e\u699c \u7f8e\u56fd \u9999\u6e2f ^ Back To Top \u80dc\u6377\u4f01\u4e1a (CENT SP)\uff1a\u5728\u5168\u7403\u4e0d\u786e\u5b9a\u6027\u4e2d\u6301\u7eed\u5f3a\u52b2\u8868\u73b0 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a1.30\uff0c\u76ee\u6807\u4ef7\uff1a1.40\uff0c\u6b62\u635f\u4ef7\uff1a1.25 \u80dc\u6377\u4f01\u4e1a\u4e13\u6ce8\u4e8e\u62e5\u6709\u548c\u7ecf\u8425\u5de5\u4eba\u548c\u5b66\u751f\u4f4f\u5bbf\u8d44\u4ea7\u3002\u5728\u65b0\u52a0\u5761\u548c\u9a6c\u6765\u897f\u4e9a\uff0c\u5b83\u662f\u65b0\u52a0\u5761\u6700\u5927\u7684\u9ad8\u54c1\u8d28\u5458\u5de5\u4f4f\u5bbf\u4e1a\u4e3b\u548c\u7ecf\u8425\u8005\u4e4b\u4e00\u3002\u6b64\u5916\uff0c\u8be5\u516c\u53f8\u8fd8\u7ba1\u7406\u7740\u65b0\u52a0\u5761\u3001\u6fb3\u5927\u5229\u4e9a\u3001\u82f1\u56fd\u548c\u7f8e\u56fd\u7684\u5b66\u751f\u4f4f\u5bbf\u7269\u4e1a\u3002 \u6269\u5927\u5168\u7403\u5e03\u5c40\u3002 \u622a\u81f32025\u5e743\u670831\u65e5\uff0cCenturion\u8fd0\u8425\u4e8669,929\u4e2a\u5e8a\u4f4d\uff0c\u5206\u5e03\u572837\u4e2a\u8d44\u4ea7\u4e2d\uff0c\u7ba1\u7406\u8d44\u4ea7\u89c4\u6a21 (AUM) \u8fbe26\u4ebf\u65b0\u5143\u3002\u5de5\u4eba\u5bbf\u820d (PBWA) \u7684\u6536\u5165\u589e\u957f15%\uff0c\u8fbe\u52305,340\u4e07\u65b0\u5143\uff0c\u800c\u5b66\u751f\u5bbf\u820d (PBSA) \u7684\u6536\u5165\u5c0f\u5e45\u589e\u957f2%\uff0c\u81f31,500\u4e07\u65b0\u5143\u3002\u96c6\u56e2\u5728\u4e2d\u56fd\u7684\u65b0\u5efa\u79df\u8d41\u8d44\u4ea7 (Build-to-Rent) \u5df2\u5f00\u59cb\u8fd0\u8425\uff0c\u5165\u4f4f\u7387\u4e3a48%\uff0c\u9884\u8ba1\u5c06\u8fdb\u4e00\u6b65\u63d0\u5347\u3002Centurion\u6b63\u79ef\u6781\u6269\u5927\u5176\u4e1a\u52a1\u7248\u56fe\uff0c\u5305\u62ec\u5728\u65b0\u52a0\u5761\u548c\u9a6c\u6765\u897f\u4e9a\u7684\u5bbf\u820d\u91cd\u5efa\u9879\u76ee\u4ee5\u53ca\u6fb3\u5927\u5229\u4e9a\u7684PBSA\u5f00\u53d1\u9879\u76ee\u3002\u5c3d\u7ba1\u9a6c\u6765\u897f\u4e9a\u548c\u6fb3\u5927\u5229\u4e9a\u7684\u5165\u4f4f\u7387\u8f83\u4f4e\uff0c\u4f46\u516c\u53f8\u901a\u8fc7\u6218\u7565\u6027\u7ba1\u7406\u79df\u91d1\u548c\u5165\u4f4f\u7387\uff0c\u5bf9\u6301\u7eed\u4fdd\u6301\u4e1a\u7ee9\u5145\u6ee1\u4fe1\u5fc3\u3002 \u63a2\u7d22REIT\u4e0a\u5e02\u3002Centurion\u6b63\u5728\u63a2\u7d22\u5c06\u6210\u719f\u5e02\u573a\uff08\u5982\u65b0\u52a0\u5761\u3001\u9a6c\u6765\u897f\u4e9a\u548c\u82f1\u56fd\uff09\u7684\u7a33\u5b9aPBWA\u548cPBSA\u8d44\u4ea7\u7ec4\u6210REIT\uff08\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\uff09\u7684\u53ef\u80fd\u6027\u3002\u8fd9\u5c06\u6709\u52a9\u4e8e\u91ca\u653e\u8d44\u4ea7\u4ef7\u503c\u3001\u589e\u5f3a\u8d44\u672c\u5faa\u73af\uff0c\u5e76\u901a\u8fc7\u6f5c\u5728\u7684\u5b9e\u7269\u5206\u7ea2\uff0c\u4e3a\u80a1\u4e1c\u63d0\u4f9b\u7a33\u5b9a\u7684\u6536\u76ca\u3002 2025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u7ee9\u56de\u987e\u3002 \u6536\u5165\u540c\u6bd4\u589e\u957f13%\uff0c\u4ece2024\u5e74\u7b2c\u4e00\u5b63\u5ea6\u76846,110\u4e07\u65b0\u5143\u589e\u81f36,900\u4e07\u65b0\u5143\uff0c\u8fd9\u5f97\u76ca\u4e8e\u6240\u6709PBSA\u548cPBWA\u8d44\u4ea7\u7684\u79df\u91d1\u4e0a\u8c03\u4ee5\u53ca\u65b0\u52a0\u5761\u548c\u82f1\u56fd\u7684\u5f3a\u52b2\u8d22\u52a1\u5165\u4f4f\u7387\uff0c\u4f46\u90e8\u5206\u88ab\u9a6c\u6765\u897f\u4e9a\u548c\u6fb3\u5927\u5229\u4e9a\u8d44\u4ea7\u7684\u8f83\u4f4e\u5165\u4f4f\u7387\u6240\u62b5\u6d88\u3002 \u6211\u4eec\u5bf9\u57fa\u672c\u9762\u7684\u8bc4\u7ea7\u4e3a\u4e70\u5165\uff0c\u76ee\u6807\u4ef7\u4e3a 1.38 \u65b0\u5143\u3002\u8bf7\u5728\u8fd9\u91cc\u9605\u8bfb\u62a5\u544a\u5168\u6587 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) ISOTeam Ltd(ISO SP)\uff1a\u6293\u4f4f\u516c\u5171\u90e8\u95e8\u9700\u6c42\u4e0e\u53ef\u6301\u7eed\u53d1\u5c55\u7684\u987a\u98ce\u673a\u9047 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.075\uff0c\u76ee\u6807\u4ef7\uff1a0.083\uff0c\u6b62\u635f\u4ef7\uff1a0.071 ISOTeam Ltd\u662f\u4e00\u5bb6\u5efa\u7b51\u7ef4\u62a4\u548c\u5730\u4ea7\u5347\u7ea7\u516c\u53f8\uff0c\u4e13\u6ce8\u4e8e\u901a\u8fc7\u4fee\u7f2e\u4e0e\u91cd\u65b0\u88c5\u9970 (R&amp;R) \u548c\u52a0\u5efa\u4e0e\u6539\u5efa (A&amp;A) \u670d\u52a1\uff0c\u4e3a\u516c\u5171\u548c\u79c1\u4eba\u9886\u57df\u63d0\u4f9b\u73af\u4fdd\u89e3\u51b3\u65b9\u6848\u3002\u516c\u53f8\u5728\u65b0\u52a0\u5761\u5efa\u7b51\u53ca\u8bbe\u65bd\u7684\u5347\u7ea7\u3001\u6539\u9020\u548c\u7ef4\u62a4\u65b9\u9762\u62e5\u6709\u4e30\u5bcc\u7ecf\u9a8c\uff0c\u5e76\u81f4\u529b\u4e8e\u6539\u5584\u548c\u7115\u65b0\u516c\u5171\u4f4f\u623f\u666f\u89c2\u3001\u8bbe\u65bd\u548c\u73af\u5883 \u5f3a\u52b2\u4e14\u591a\u5143\u5316\u7684\u8ba2\u5355\u50a8\u5907\u3002\u622a\u81f32025\u5e742\u6708\uff0cISOTeam\u7684\u672a\u5b8c\u6210\u8ba2\u5355\u50a8\u5907\u8fbe1.887\u4ebf\u65b0\u5143\uff0c\u4e3a\u516c\u53f8\u63d0\u4f9b\u4e86\u52302029\u8d22\u5e74\u7684\u6e05\u6670\u6536\u5165\u53ef\u89c1\u6027\u3002\u96c6\u56e2\u80fd\u591f\u5f88\u597d\u5730\u6293\u4f4f\u6765\u81ea\u5347\u7ea7\u6539\u9020\u3001\u53ef\u6301\u7eed\u53d1\u5c55\u6539\u9020\u548c\u57fa\u7840\u8bbe\u65bd\u63d0\u5347\u9879\u76ee\u7684\u6301\u7eed\u9700\u6c42\u3002 \u6280\u672f\u9a71\u52a8\u7684\u751f\u4ea7\u529b\u63d0\u5347\u3002ISOTeam\u8ba1\u5212\u901a\u8fc7\u5176ISOTeam BuildTech\u90e8\u95e8\uff0c\u57282025\u5e74\u5e95\u524d\u5c06\u81ea\u4e3b\u5916\u5899\u6e05\u6d01\u548c\u55b7\u6d82\u65e0\u4eba\u673a\u5546\u4e1a\u5316\u3002\u516c\u53f8\u76ee\u6807\u63a8\u51fa18\u67b6\u65e0\u4eba\u673a\uff0c\u76ee\u524d\u6b63\u5728\u7b49\u5f85\u65b0\u52a0\u5761\u6c11\u822a\u5c40 (CAAS) \u7684\u8bb8\u53ef\u3002\u8fd9\u4e00\u5148\u53d1\u4f18\u52bf\u6709\u671b\u63d0\u9ad8\u7ef4\u62a4\u5de5\u4f5c\u7684\u6548\u7387\u5e76\u51cf\u5c11\u5bf9\u4eba\u5de5\u7684\u4f9d\u8d56\u3002 \u7ed3\u6784\u6027\u5229\u597d\u652f\u6491\u591a\u5e74\u7684\u589e\u957f\u53ef\u89c1\u6027\u3002ISOTeam\u6709\u80fd\u529b\u6293\u4f4f\u65b0\u52a0\u5761\u6301\u7eed\u7684\u516c\u5171\u90e8\u95e8\u5347\u7ea7\u548c\u7eff\u8272\u5021\u8bae\u7684\u673a\u9047\u3002\u5176\u6838\u5fc3\u7684\u4fee\u7f2e\u4e0e\u91cd\u65b0\u88c5\u9970 (R&amp;R)\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Jiong Han Lee\"\/>\n\t<meta name=\"keywords\" content=\"kgi daily trading ideas (chinese)\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-21-may-2025-zh\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.8\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"KGI Singapore Research \u2022 Singapore&#039;s leading broker offering Futures, FX, Equities and Wealth Management.\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"2025\u5e745\u670821\u65e5: \u80dc\u6377\u4f01\u4e1a (CENT SP), \u6bd4\u4e9a\u8fea (1211 HK), Relx PLC. (RELX US) \u2022 KGI Singapore Research\" \/>\n\t\t<meta property=\"og:description\" content=\"\u65b0\u52a0\u5761\u80a1\u7968\u63a8\u8350 | \u9999\u6e2f\u80a1\u7968\u63a8\u8350 | \u7f8e\u80a1\u63a8\u8350 | \u884c\u4e1a\u677f\u5757\u8868\u73b0 | \u4ea4\u6613\u9f99\u864e\u699c \u7f8e\u56fd \u9999\u6e2f ^ Back To Top \u80dc\u6377\u4f01\u4e1a (CENT SP)\uff1a\u5728\u5168\u7403\u4e0d\u786e\u5b9a\u6027\u4e2d\u6301\u7eed\u5f3a\u52b2\u8868\u73b0 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a1.30\uff0c\u76ee\u6807\u4ef7\uff1a1.40\uff0c\u6b62\u635f\u4ef7\uff1a1.25 \u80dc\u6377\u4f01\u4e1a\u4e13\u6ce8\u4e8e\u62e5\u6709\u548c\u7ecf\u8425\u5de5\u4eba\u548c\u5b66\u751f\u4f4f\u5bbf\u8d44\u4ea7\u3002\u5728\u65b0\u52a0\u5761\u548c\u9a6c\u6765\u897f\u4e9a\uff0c\u5b83\u662f\u65b0\u52a0\u5761\u6700\u5927\u7684\u9ad8\u54c1\u8d28\u5458\u5de5\u4f4f\u5bbf\u4e1a\u4e3b\u548c\u7ecf\u8425\u8005\u4e4b\u4e00\u3002\u6b64\u5916\uff0c\u8be5\u516c\u53f8\u8fd8\u7ba1\u7406\u7740\u65b0\u52a0\u5761\u3001\u6fb3\u5927\u5229\u4e9a\u3001\u82f1\u56fd\u548c\u7f8e\u56fd\u7684\u5b66\u751f\u4f4f\u5bbf\u7269\u4e1a\u3002 \u6269\u5927\u5168\u7403\u5e03\u5c40\u3002 \u622a\u81f32025\u5e743\u670831\u65e5\uff0cCenturion\u8fd0\u8425\u4e8669,929\u4e2a\u5e8a\u4f4d\uff0c\u5206\u5e03\u572837\u4e2a\u8d44\u4ea7\u4e2d\uff0c\u7ba1\u7406\u8d44\u4ea7\u89c4\u6a21 (AUM) \u8fbe26\u4ebf\u65b0\u5143\u3002\u5de5\u4eba\u5bbf\u820d (PBWA) \u7684\u6536\u5165\u589e\u957f15%\uff0c\u8fbe\u52305,340\u4e07\u65b0\u5143\uff0c\u800c\u5b66\u751f\u5bbf\u820d (PBSA) \u7684\u6536\u5165\u5c0f\u5e45\u589e\u957f2%\uff0c\u81f31,500\u4e07\u65b0\u5143\u3002\u96c6\u56e2\u5728\u4e2d\u56fd\u7684\u65b0\u5efa\u79df\u8d41\u8d44\u4ea7 (Build-to-Rent) \u5df2\u5f00\u59cb\u8fd0\u8425\uff0c\u5165\u4f4f\u7387\u4e3a48%\uff0c\u9884\u8ba1\u5c06\u8fdb\u4e00\u6b65\u63d0\u5347\u3002Centurion\u6b63\u79ef\u6781\u6269\u5927\u5176\u4e1a\u52a1\u7248\u56fe\uff0c\u5305\u62ec\u5728\u65b0\u52a0\u5761\u548c\u9a6c\u6765\u897f\u4e9a\u7684\u5bbf\u820d\u91cd\u5efa\u9879\u76ee\u4ee5\u53ca\u6fb3\u5927\u5229\u4e9a\u7684PBSA\u5f00\u53d1\u9879\u76ee\u3002\u5c3d\u7ba1\u9a6c\u6765\u897f\u4e9a\u548c\u6fb3\u5927\u5229\u4e9a\u7684\u5165\u4f4f\u7387\u8f83\u4f4e\uff0c\u4f46\u516c\u53f8\u901a\u8fc7\u6218\u7565\u6027\u7ba1\u7406\u79df\u91d1\u548c\u5165\u4f4f\u7387\uff0c\u5bf9\u6301\u7eed\u4fdd\u6301\u4e1a\u7ee9\u5145\u6ee1\u4fe1\u5fc3\u3002 \u63a2\u7d22REIT\u4e0a\u5e02\u3002Centurion\u6b63\u5728\u63a2\u7d22\u5c06\u6210\u719f\u5e02\u573a\uff08\u5982\u65b0\u52a0\u5761\u3001\u9a6c\u6765\u897f\u4e9a\u548c\u82f1\u56fd\uff09\u7684\u7a33\u5b9aPBWA\u548cPBSA\u8d44\u4ea7\u7ec4\u6210REIT\uff08\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\uff09\u7684\u53ef\u80fd\u6027\u3002\u8fd9\u5c06\u6709\u52a9\u4e8e\u91ca\u653e\u8d44\u4ea7\u4ef7\u503c\u3001\u589e\u5f3a\u8d44\u672c\u5faa\u73af\uff0c\u5e76\u901a\u8fc7\u6f5c\u5728\u7684\u5b9e\u7269\u5206\u7ea2\uff0c\u4e3a\u80a1\u4e1c\u63d0\u4f9b\u7a33\u5b9a\u7684\u6536\u76ca\u3002 2025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u7ee9\u56de\u987e\u3002 \u6536\u5165\u540c\u6bd4\u589e\u957f13%\uff0c\u4ece2024\u5e74\u7b2c\u4e00\u5b63\u5ea6\u76846,110\u4e07\u65b0\u5143\u589e\u81f36,900\u4e07\u65b0\u5143\uff0c\u8fd9\u5f97\u76ca\u4e8e\u6240\u6709PBSA\u548cPBWA\u8d44\u4ea7\u7684\u79df\u91d1\u4e0a\u8c03\u4ee5\u53ca\u65b0\u52a0\u5761\u548c\u82f1\u56fd\u7684\u5f3a\u52b2\u8d22\u52a1\u5165\u4f4f\u7387\uff0c\u4f46\u90e8\u5206\u88ab\u9a6c\u6765\u897f\u4e9a\u548c\u6fb3\u5927\u5229\u4e9a\u8d44\u4ea7\u7684\u8f83\u4f4e\u5165\u4f4f\u7387\u6240\u62b5\u6d88\u3002 \u6211\u4eec\u5bf9\u57fa\u672c\u9762\u7684\u8bc4\u7ea7\u4e3a\u4e70\u5165\uff0c\u76ee\u6807\u4ef7\u4e3a 1.38 \u65b0\u5143\u3002\u8bf7\u5728\u8fd9\u91cc\u9605\u8bfb\u62a5\u544a\u5168\u6587 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) ISOTeam Ltd(ISO SP)\uff1a\u6293\u4f4f\u516c\u5171\u90e8\u95e8\u9700\u6c42\u4e0e\u53ef\u6301\u7eed\u53d1\u5c55\u7684\u987a\u98ce\u673a\u9047 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.075\uff0c\u76ee\u6807\u4ef7\uff1a0.083\uff0c\u6b62\u635f\u4ef7\uff1a0.071 ISOTeam Ltd\u662f\u4e00\u5bb6\u5efa\u7b51\u7ef4\u62a4\u548c\u5730\u4ea7\u5347\u7ea7\u516c\u53f8\uff0c\u4e13\u6ce8\u4e8e\u901a\u8fc7\u4fee\u7f2e\u4e0e\u91cd\u65b0\u88c5\u9970 (R&amp;R) \u548c\u52a0\u5efa\u4e0e\u6539\u5efa (A&amp;A) \u670d\u52a1\uff0c\u4e3a\u516c\u5171\u548c\u79c1\u4eba\u9886\u57df\u63d0\u4f9b\u73af\u4fdd\u89e3\u51b3\u65b9\u6848\u3002\u516c\u53f8\u5728\u65b0\u52a0\u5761\u5efa\u7b51\u53ca\u8bbe\u65bd\u7684\u5347\u7ea7\u3001\u6539\u9020\u548c\u7ef4\u62a4\u65b9\u9762\u62e5\u6709\u4e30\u5bcc\u7ecf\u9a8c\uff0c\u5e76\u81f4\u529b\u4e8e\u6539\u5584\u548c\u7115\u65b0\u516c\u5171\u4f4f\u623f\u666f\u89c2\u3001\u8bbe\u65bd\u548c\u73af\u5883 \u5f3a\u52b2\u4e14\u591a\u5143\u5316\u7684\u8ba2\u5355\u50a8\u5907\u3002\u622a\u81f32025\u5e742\u6708\uff0cISOTeam\u7684\u672a\u5b8c\u6210\u8ba2\u5355\u50a8\u5907\u8fbe1.887\u4ebf\u65b0\u5143\uff0c\u4e3a\u516c\u53f8\u63d0\u4f9b\u4e86\u52302029\u8d22\u5e74\u7684\u6e05\u6670\u6536\u5165\u53ef\u89c1\u6027\u3002\u96c6\u56e2\u80fd\u591f\u5f88\u597d\u5730\u6293\u4f4f\u6765\u81ea\u5347\u7ea7\u6539\u9020\u3001\u53ef\u6301\u7eed\u53d1\u5c55\u6539\u9020\u548c\u57fa\u7840\u8bbe\u65bd\u63d0\u5347\u9879\u76ee\u7684\u6301\u7eed\u9700\u6c42\u3002 \u6280\u672f\u9a71\u52a8\u7684\u751f\u4ea7\u529b\u63d0\u5347\u3002ISOTeam\u8ba1\u5212\u901a\u8fc7\u5176ISOTeam BuildTech\u90e8\u95e8\uff0c\u57282025\u5e74\u5e95\u524d\u5c06\u81ea\u4e3b\u5916\u5899\u6e05\u6d01\u548c\u55b7\u6d82\u65e0\u4eba\u673a\u5546\u4e1a\u5316\u3002\u516c\u53f8\u76ee\u6807\u63a8\u51fa18\u67b6\u65e0\u4eba\u673a\uff0c\u76ee\u524d\u6b63\u5728\u7b49\u5f85\u65b0\u52a0\u5761\u6c11\u822a\u5c40 (CAAS) \u7684\u8bb8\u53ef\u3002\u8fd9\u4e00\u5148\u53d1\u4f18\u52bf\u6709\u671b\u63d0\u9ad8\u7ef4\u62a4\u5de5\u4f5c\u7684\u6548\u7387\u5e76\u51cf\u5c11\u5bf9\u4eba\u5de5\u7684\u4f9d\u8d56\u3002 \u7ed3\u6784\u6027\u5229\u597d\u652f\u6491\u591a\u5e74\u7684\u589e\u957f\u53ef\u89c1\u6027\u3002ISOTeam\u6709\u80fd\u529b\u6293\u4f4f\u65b0\u52a0\u5761\u6301\u7eed\u7684\u516c\u5171\u90e8\u95e8\u5347\u7ea7\u548c\u7eff\u8272\u5021\u8bae\u7684\u673a\u9047\u3002\u5176\u6838\u5fc3\u7684\u4fee\u7f2e\u4e0e\u91cd\u65b0\u88c5\u9970 (R&amp;R)\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-21-may-2025-zh\/\" \/>\n\t\t<meta property=\"og:image\" content=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr\" \/>\n\t\t<meta property=\"og:image:secure_url\" content=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2025-05-20T12:49:23+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2025-05-21T02:59:37+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary\" \/>\n\t\t<meta name=\"twitter:title\" content=\"2025\u5e745\u670821\u65e5: \u80dc\u6377\u4f01\u4e1a (CENT SP), \u6bd4\u4e9a\u8fea (1211 HK), Relx PLC. (RELX US) \u2022 KGI Singapore Research\" \/>\n\t\t<meta name=\"twitter:description\" content=\"\u65b0\u52a0\u5761\u80a1\u7968\u63a8\u8350 | \u9999\u6e2f\u80a1\u7968\u63a8\u8350 | \u7f8e\u80a1\u63a8\u8350 | \u884c\u4e1a\u677f\u5757\u8868\u73b0 | \u4ea4\u6613\u9f99\u864e\u699c \u7f8e\u56fd \u9999\u6e2f ^ Back To Top \u80dc\u6377\u4f01\u4e1a (CENT SP)\uff1a\u5728\u5168\u7403\u4e0d\u786e\u5b9a\u6027\u4e2d\u6301\u7eed\u5f3a\u52b2\u8868\u73b0 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a1.30\uff0c\u76ee\u6807\u4ef7\uff1a1.40\uff0c\u6b62\u635f\u4ef7\uff1a1.25 \u80dc\u6377\u4f01\u4e1a\u4e13\u6ce8\u4e8e\u62e5\u6709\u548c\u7ecf\u8425\u5de5\u4eba\u548c\u5b66\u751f\u4f4f\u5bbf\u8d44\u4ea7\u3002\u5728\u65b0\u52a0\u5761\u548c\u9a6c\u6765\u897f\u4e9a\uff0c\u5b83\u662f\u65b0\u52a0\u5761\u6700\u5927\u7684\u9ad8\u54c1\u8d28\u5458\u5de5\u4f4f\u5bbf\u4e1a\u4e3b\u548c\u7ecf\u8425\u8005\u4e4b\u4e00\u3002\u6b64\u5916\uff0c\u8be5\u516c\u53f8\u8fd8\u7ba1\u7406\u7740\u65b0\u52a0\u5761\u3001\u6fb3\u5927\u5229\u4e9a\u3001\u82f1\u56fd\u548c\u7f8e\u56fd\u7684\u5b66\u751f\u4f4f\u5bbf\u7269\u4e1a\u3002 \u6269\u5927\u5168\u7403\u5e03\u5c40\u3002 \u622a\u81f32025\u5e743\u670831\u65e5\uff0cCenturion\u8fd0\u8425\u4e8669,929\u4e2a\u5e8a\u4f4d\uff0c\u5206\u5e03\u572837\u4e2a\u8d44\u4ea7\u4e2d\uff0c\u7ba1\u7406\u8d44\u4ea7\u89c4\u6a21 (AUM) \u8fbe26\u4ebf\u65b0\u5143\u3002\u5de5\u4eba\u5bbf\u820d (PBWA) \u7684\u6536\u5165\u589e\u957f15%\uff0c\u8fbe\u52305,340\u4e07\u65b0\u5143\uff0c\u800c\u5b66\u751f\u5bbf\u820d (PBSA) \u7684\u6536\u5165\u5c0f\u5e45\u589e\u957f2%\uff0c\u81f31,500\u4e07\u65b0\u5143\u3002\u96c6\u56e2\u5728\u4e2d\u56fd\u7684\u65b0\u5efa\u79df\u8d41\u8d44\u4ea7 (Build-to-Rent) \u5df2\u5f00\u59cb\u8fd0\u8425\uff0c\u5165\u4f4f\u7387\u4e3a48%\uff0c\u9884\u8ba1\u5c06\u8fdb\u4e00\u6b65\u63d0\u5347\u3002Centurion\u6b63\u79ef\u6781\u6269\u5927\u5176\u4e1a\u52a1\u7248\u56fe\uff0c\u5305\u62ec\u5728\u65b0\u52a0\u5761\u548c\u9a6c\u6765\u897f\u4e9a\u7684\u5bbf\u820d\u91cd\u5efa\u9879\u76ee\u4ee5\u53ca\u6fb3\u5927\u5229\u4e9a\u7684PBSA\u5f00\u53d1\u9879\u76ee\u3002\u5c3d\u7ba1\u9a6c\u6765\u897f\u4e9a\u548c\u6fb3\u5927\u5229\u4e9a\u7684\u5165\u4f4f\u7387\u8f83\u4f4e\uff0c\u4f46\u516c\u53f8\u901a\u8fc7\u6218\u7565\u6027\u7ba1\u7406\u79df\u91d1\u548c\u5165\u4f4f\u7387\uff0c\u5bf9\u6301\u7eed\u4fdd\u6301\u4e1a\u7ee9\u5145\u6ee1\u4fe1\u5fc3\u3002 \u63a2\u7d22REIT\u4e0a\u5e02\u3002Centurion\u6b63\u5728\u63a2\u7d22\u5c06\u6210\u719f\u5e02\u573a\uff08\u5982\u65b0\u52a0\u5761\u3001\u9a6c\u6765\u897f\u4e9a\u548c\u82f1\u56fd\uff09\u7684\u7a33\u5b9aPBWA\u548cPBSA\u8d44\u4ea7\u7ec4\u6210REIT\uff08\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\uff09\u7684\u53ef\u80fd\u6027\u3002\u8fd9\u5c06\u6709\u52a9\u4e8e\u91ca\u653e\u8d44\u4ea7\u4ef7\u503c\u3001\u589e\u5f3a\u8d44\u672c\u5faa\u73af\uff0c\u5e76\u901a\u8fc7\u6f5c\u5728\u7684\u5b9e\u7269\u5206\u7ea2\uff0c\u4e3a\u80a1\u4e1c\u63d0\u4f9b\u7a33\u5b9a\u7684\u6536\u76ca\u3002 2025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u7ee9\u56de\u987e\u3002 \u6536\u5165\u540c\u6bd4\u589e\u957f13%\uff0c\u4ece2024\u5e74\u7b2c\u4e00\u5b63\u5ea6\u76846,110\u4e07\u65b0\u5143\u589e\u81f36,900\u4e07\u65b0\u5143\uff0c\u8fd9\u5f97\u76ca\u4e8e\u6240\u6709PBSA\u548cPBWA\u8d44\u4ea7\u7684\u79df\u91d1\u4e0a\u8c03\u4ee5\u53ca\u65b0\u52a0\u5761\u548c\u82f1\u56fd\u7684\u5f3a\u52b2\u8d22\u52a1\u5165\u4f4f\u7387\uff0c\u4f46\u90e8\u5206\u88ab\u9a6c\u6765\u897f\u4e9a\u548c\u6fb3\u5927\u5229\u4e9a\u8d44\u4ea7\u7684\u8f83\u4f4e\u5165\u4f4f\u7387\u6240\u62b5\u6d88\u3002 \u6211\u4eec\u5bf9\u57fa\u672c\u9762\u7684\u8bc4\u7ea7\u4e3a\u4e70\u5165\uff0c\u76ee\u6807\u4ef7\u4e3a 1.38 \u65b0\u5143\u3002\u8bf7\u5728\u8fd9\u91cc\u9605\u8bfb\u62a5\u544a\u5168\u6587 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) ISOTeam Ltd(ISO SP)\uff1a\u6293\u4f4f\u516c\u5171\u90e8\u95e8\u9700\u6c42\u4e0e\u53ef\u6301\u7eed\u53d1\u5c55\u7684\u987a\u98ce\u673a\u9047 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.075\uff0c\u76ee\u6807\u4ef7\uff1a0.083\uff0c\u6b62\u635f\u4ef7\uff1a0.071 ISOTeam Ltd\u662f\u4e00\u5bb6\u5efa\u7b51\u7ef4\u62a4\u548c\u5730\u4ea7\u5347\u7ea7\u516c\u53f8\uff0c\u4e13\u6ce8\u4e8e\u901a\u8fc7\u4fee\u7f2e\u4e0e\u91cd\u65b0\u88c5\u9970 (R&amp;R) \u548c\u52a0\u5efa\u4e0e\u6539\u5efa (A&amp;A) \u670d\u52a1\uff0c\u4e3a\u516c\u5171\u548c\u79c1\u4eba\u9886\u57df\u63d0\u4f9b\u73af\u4fdd\u89e3\u51b3\u65b9\u6848\u3002\u516c\u53f8\u5728\u65b0\u52a0\u5761\u5efa\u7b51\u53ca\u8bbe\u65bd\u7684\u5347\u7ea7\u3001\u6539\u9020\u548c\u7ef4\u62a4\u65b9\u9762\u62e5\u6709\u4e30\u5bcc\u7ecf\u9a8c\uff0c\u5e76\u81f4\u529b\u4e8e\u6539\u5584\u548c\u7115\u65b0\u516c\u5171\u4f4f\u623f\u666f\u89c2\u3001\u8bbe\u65bd\u548c\u73af\u5883 \u5f3a\u52b2\u4e14\u591a\u5143\u5316\u7684\u8ba2\u5355\u50a8\u5907\u3002\u622a\u81f32025\u5e742\u6708\uff0cISOTeam\u7684\u672a\u5b8c\u6210\u8ba2\u5355\u50a8\u5907\u8fbe1.887\u4ebf\u65b0\u5143\uff0c\u4e3a\u516c\u53f8\u63d0\u4f9b\u4e86\u52302029\u8d22\u5e74\u7684\u6e05\u6670\u6536\u5165\u53ef\u89c1\u6027\u3002\u96c6\u56e2\u80fd\u591f\u5f88\u597d\u5730\u6293\u4f4f\u6765\u81ea\u5347\u7ea7\u6539\u9020\u3001\u53ef\u6301\u7eed\u53d1\u5c55\u6539\u9020\u548c\u57fa\u7840\u8bbe\u65bd\u63d0\u5347\u9879\u76ee\u7684\u6301\u7eed\u9700\u6c42\u3002 \u6280\u672f\u9a71\u52a8\u7684\u751f\u4ea7\u529b\u63d0\u5347\u3002ISOTeam\u8ba1\u5212\u901a\u8fc7\u5176ISOTeam BuildTech\u90e8\u95e8\uff0c\u57282025\u5e74\u5e95\u524d\u5c06\u81ea\u4e3b\u5916\u5899\u6e05\u6d01\u548c\u55b7\u6d82\u65e0\u4eba\u673a\u5546\u4e1a\u5316\u3002\u516c\u53f8\u76ee\u6807\u63a8\u51fa18\u67b6\u65e0\u4eba\u673a\uff0c\u76ee\u524d\u6b63\u5728\u7b49\u5f85\u65b0\u52a0\u5761\u6c11\u822a\u5c40 (CAAS) \u7684\u8bb8\u53ef\u3002\u8fd9\u4e00\u5148\u53d1\u4f18\u52bf\u6709\u671b\u63d0\u9ad8\u7ef4\u62a4\u5de5\u4f5c\u7684\u6548\u7387\u5e76\u51cf\u5c11\u5bf9\u4eba\u5de5\u7684\u4f9d\u8d56\u3002 \u7ed3\u6784\u6027\u5229\u597d\u652f\u6491\u591a\u5e74\u7684\u589e\u957f\u53ef\u89c1\u6027\u3002ISOTeam\u6709\u80fd\u529b\u6293\u4f4f\u65b0\u52a0\u5761\u6301\u7eed\u7684\u516c\u5171\u90e8\u95e8\u5347\u7ea7\u548c\u7eff\u8272\u5021\u8bae\u7684\u673a\u9047\u3002\u5176\u6838\u5fc3\u7684\u4fee\u7f2e\u4e0e\u91cd\u65b0\u88c5\u9970 (R&amp;R)\" \/>\n\t\t<meta name=\"twitter:image\" content=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr\" \/>\n\t\t<script type=\"application\/ld+json\" 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\u7684\u6536\u5165\u5c0f\u5e45\u589e\u957f2%\uff0c\u81f31,500\u4e07\u65b0\u5143\u3002\u96c6\u56e2\u5728\u4e2d\u56fd\u7684\u65b0\u5efa\u79df\u8d41\u8d44\u4ea7 (Build-to-Rent) \u5df2\u5f00\u59cb\u8fd0\u8425\uff0c\u5165\u4f4f\u7387\u4e3a48%\uff0c\u9884\u8ba1\u5c06\u8fdb\u4e00\u6b65\u63d0\u5347\u3002Centurion\u6b63\u79ef\u6781\u6269\u5927\u5176\u4e1a\u52a1\u7248\u56fe\uff0c\u5305\u62ec\u5728\u65b0\u52a0\u5761\u548c\u9a6c\u6765\u897f\u4e9a\u7684\u5bbf\u820d\u91cd\u5efa\u9879\u76ee\u4ee5\u53ca\u6fb3\u5927\u5229\u4e9a\u7684PBSA\u5f00\u53d1\u9879\u76ee\u3002\u5c3d\u7ba1\u9a6c\u6765\u897f\u4e9a\u548c\u6fb3\u5927\u5229\u4e9a\u7684\u5165\u4f4f\u7387\u8f83\u4f4e\uff0c\u4f46\u516c\u53f8\u901a\u8fc7\u6218\u7565\u6027\u7ba1\u7406\u79df\u91d1\u548c\u5165\u4f4f\u7387\uff0c\u5bf9\u6301\u7eed\u4fdd\u6301\u4e1a\u7ee9\u5145\u6ee1\u4fe1\u5fc3\u3002 \u63a2\u7d22REIT\u4e0a\u5e02\u3002Centurion\u6b63\u5728\u63a2\u7d22\u5c06\u6210\u719f\u5e02\u573a\uff08\u5982\u65b0\u52a0\u5761\u3001\u9a6c\u6765\u897f\u4e9a\u548c\u82f1\u56fd\uff09\u7684\u7a33\u5b9aPBWA\u548cPBSA\u8d44\u4ea7\u7ec4\u6210REIT\uff08\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\uff09\u7684\u53ef\u80fd\u6027\u3002\u8fd9\u5c06\u6709\u52a9\u4e8e\u91ca\u653e\u8d44\u4ea7\u4ef7\u503c\u3001\u589e\u5f3a\u8d44\u672c\u5faa\u73af\uff0c\u5e76\u901a\u8fc7\u6f5c\u5728\u7684\u5b9e\u7269\u5206\u7ea2\uff0c\u4e3a\u80a1\u4e1c\u63d0\u4f9b\u7a33\u5b9a\u7684\u6536\u76ca\u3002 2025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u7ee9\u56de\u987e\u3002 \u6536\u5165\u540c\u6bd4\u589e\u957f13%\uff0c\u4ece2024\u5e74\u7b2c\u4e00\u5b63\u5ea6\u76846,110\u4e07\u65b0\u5143\u589e\u81f36,900\u4e07\u65b0\u5143\uff0c\u8fd9\u5f97\u76ca\u4e8e\u6240\u6709PBSA\u548cPBWA\u8d44\u4ea7\u7684\u79df\u91d1\u4e0a\u8c03\u4ee5\u53ca\u65b0\u52a0\u5761\u548c\u82f1\u56fd\u7684\u5f3a\u52b2\u8d22\u52a1\u5165\u4f4f\u7387\uff0c\u4f46\u90e8\u5206\u88ab\u9a6c\u6765\u897f\u4e9a\u548c\u6fb3\u5927\u5229\u4e9a\u8d44\u4ea7\u7684\u8f83\u4f4e\u5165\u4f4f\u7387\u6240\u62b5\u6d88\u3002 \u6211\u4eec\u5bf9\u57fa\u672c\u9762\u7684\u8bc4\u7ea7\u4e3a\u4e70\u5165\uff0c\u76ee\u6807\u4ef7\u4e3a 1.38 \u65b0\u5143\u3002\u8bf7\u5728\u8fd9\u91cc\u9605\u8bfb\u62a5\u544a\u5168\u6587 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) ISOTeam Ltd(ISO SP)\uff1a\u6293\u4f4f\u516c\u5171\u90e8\u95e8\u9700\u6c42\u4e0e\u53ef\u6301\u7eed\u53d1\u5c55\u7684\u987a\u98ce\u673a\u9047 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.075\uff0c\u76ee\u6807\u4ef7\uff1a0.083\uff0c\u6b62\u635f\u4ef7\uff1a0.071 ISOTeam Ltd\u662f\u4e00\u5bb6\u5efa\u7b51\u7ef4\u62a4\u548c\u5730\u4ea7\u5347\u7ea7\u516c\u53f8\uff0c\u4e13\u6ce8\u4e8e\u901a\u8fc7\u4fee\u7f2e\u4e0e\u91cd\u65b0\u88c5\u9970 (R&R) \u548c\u52a0\u5efa\u4e0e\u6539\u5efa (A&A) \u670d\u52a1\uff0c\u4e3a\u516c\u5171\u548c\u79c1\u4eba\u9886\u57df\u63d0\u4f9b\u73af\u4fdd\u89e3\u51b3\u65b9\u6848\u3002\u516c\u53f8\u5728\u65b0\u52a0\u5761\u5efa\u7b51\u53ca\u8bbe\u65bd\u7684\u5347\u7ea7\u3001\u6539\u9020\u548c\u7ef4\u62a4\u65b9\u9762\u62e5\u6709\u4e30\u5bcc\u7ecf\u9a8c\uff0c\u5e76\u81f4\u529b\u4e8e\u6539\u5584\u548c\u7115\u65b0\u516c\u5171\u4f4f\u623f\u666f\u89c2\u3001\u8bbe\u65bd\u548c\u73af\u5883 \u5f3a\u52b2\u4e14\u591a\u5143\u5316\u7684\u8ba2\u5355\u50a8\u5907\u3002\u622a\u81f32025\u5e742\u6708\uff0cISOTeam\u7684\u672a\u5b8c\u6210\u8ba2\u5355\u50a8\u5907\u8fbe1.887\u4ebf\u65b0\u5143\uff0c\u4e3a\u516c\u53f8\u63d0\u4f9b\u4e86\u52302029\u8d22\u5e74\u7684\u6e05\u6670\u6536\u5165\u53ef\u89c1\u6027\u3002\u96c6\u56e2\u80fd\u591f\u5f88\u597d\u5730\u6293\u4f4f\u6765\u81ea\u5347\u7ea7\u6539\u9020\u3001\u53ef\u6301\u7eed\u53d1\u5c55\u6539\u9020\u548c\u57fa\u7840\u8bbe\u65bd\u63d0\u5347\u9879\u76ee\u7684\u6301\u7eed\u9700\u6c42\u3002 \u6280\u672f\u9a71\u52a8\u7684\u751f\u4ea7\u529b\u63d0\u5347\u3002ISOTeam\u8ba1\u5212\u901a\u8fc7\u5176ISOTeam BuildTech\u90e8\u95e8\uff0c\u57282025\u5e74\u5e95\u524d\u5c06\u81ea\u4e3b\u5916\u5899\u6e05\u6d01\u548c\u55b7\u6d82\u65e0\u4eba\u673a\u5546\u4e1a\u5316\u3002\u516c\u53f8\u76ee\u6807\u63a8\u51fa18\u67b6\u65e0\u4eba\u673a\uff0c\u76ee\u524d\u6b63\u5728\u7b49\u5f85\u65b0\u52a0\u5761\u6c11\u822a\u5c40 (CAAS) \u7684\u8bb8\u53ef\u3002\u8fd9\u4e00\u5148\u53d1\u4f18\u52bf\u6709\u671b\u63d0\u9ad8\u7ef4\u62a4\u5de5\u4f5c\u7684\u6548\u7387\u5e76\u51cf\u5c11\u5bf9\u4eba\u5de5\u7684\u4f9d\u8d56\u3002 \u7ed3\u6784\u6027\u5229\u597d\u652f\u6491\u591a\u5e74\u7684\u589e\u957f\u53ef\u89c1\u6027\u3002ISOTeam\u6709\u80fd\u529b\u6293\u4f4f\u65b0\u52a0\u5761\u6301\u7eed\u7684\u516c\u5171\u90e8\u95e8\u5347\u7ea7\u548c\u7eff\u8272\u5021\u8bae\u7684\u673a\u9047\u3002\u5176\u6838\u5fc3\u7684\u4fee\u7f2e\u4e0e\u91cd\u65b0\u88c5\u9970 (R&R)","inLanguage":"en-US","isPartOf":{"@id":"https:\/\/www.kgieworld.sg\/research\/#website"},"breadcrumb":{"@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-21-may-2025-zh\/#breadcrumblist"},"author":{"@id":"https:\/\/www.kgieworld.sg\/research\/author\/jionghan-leekgi-com\/#author"},"creator":{"@id":"https:\/\/www.kgieworld.sg\/research\/author\/jionghan-leekgi-com\/#author"},"image":{"@type":"ImageObject","url":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/01\/2.png?wsr","@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-21-may-2025-zh\/#mainImage","width":652,"height":385},"primaryImageOfPage":{"@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-21-may-2025-zh\/#mainImage"},"datePublished":"2025-05-20T20:49:23+08:00","dateModified":"2025-05-21T10:59:37+08:00"},{"@type":"WebSite","@id":"https:\/\/www.kgieworld.sg\/research\/#website","url":"https:\/\/www.kgieworld.sg\/research\/","name":"KGI Singapore Research","description":"Singapore's leading broker offering Futures, FX, Equities and Wealth Management.","inLanguage":"en-US","publisher":{"@id":"https:\/\/www.kgieworld.sg\/research\/#organization"}}]},"og:locale":"en_US","og:site_name":"KGI Singapore Research \u2022 Singapore's leading broker offering Futures, FX, Equities and Wealth Management.","og:type":"article","og:title":"2025\u5e745\u670821\u65e5: \u80dc\u6377\u4f01\u4e1a (CENT SP), \u6bd4\u4e9a\u8fea (1211 HK), Relx PLC. (RELX US) \u2022 KGI Singapore Research","og:description":"\u65b0\u52a0\u5761\u80a1\u7968\u63a8\u8350 | \u9999\u6e2f\u80a1\u7968\u63a8\u8350 | \u7f8e\u80a1\u63a8\u8350 | \u884c\u4e1a\u677f\u5757\u8868\u73b0 | \u4ea4\u6613\u9f99\u864e\u699c \u7f8e\u56fd \u9999\u6e2f ^ Back To Top \u80dc\u6377\u4f01\u4e1a (CENT SP)\uff1a\u5728\u5168\u7403\u4e0d\u786e\u5b9a\u6027\u4e2d\u6301\u7eed\u5f3a\u52b2\u8868\u73b0 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a1.30\uff0c\u76ee\u6807\u4ef7\uff1a1.40\uff0c\u6b62\u635f\u4ef7\uff1a1.25 \u80dc\u6377\u4f01\u4e1a\u4e13\u6ce8\u4e8e\u62e5\u6709\u548c\u7ecf\u8425\u5de5\u4eba\u548c\u5b66\u751f\u4f4f\u5bbf\u8d44\u4ea7\u3002\u5728\u65b0\u52a0\u5761\u548c\u9a6c\u6765\u897f\u4e9a\uff0c\u5b83\u662f\u65b0\u52a0\u5761\u6700\u5927\u7684\u9ad8\u54c1\u8d28\u5458\u5de5\u4f4f\u5bbf\u4e1a\u4e3b\u548c\u7ecf\u8425\u8005\u4e4b\u4e00\u3002\u6b64\u5916\uff0c\u8be5\u516c\u53f8\u8fd8\u7ba1\u7406\u7740\u65b0\u52a0\u5761\u3001\u6fb3\u5927\u5229\u4e9a\u3001\u82f1\u56fd\u548c\u7f8e\u56fd\u7684\u5b66\u751f\u4f4f\u5bbf\u7269\u4e1a\u3002 \u6269\u5927\u5168\u7403\u5e03\u5c40\u3002 \u622a\u81f32025\u5e743\u670831\u65e5\uff0cCenturion\u8fd0\u8425\u4e8669,929\u4e2a\u5e8a\u4f4d\uff0c\u5206\u5e03\u572837\u4e2a\u8d44\u4ea7\u4e2d\uff0c\u7ba1\u7406\u8d44\u4ea7\u89c4\u6a21 (AUM) \u8fbe26\u4ebf\u65b0\u5143\u3002\u5de5\u4eba\u5bbf\u820d (PBWA) \u7684\u6536\u5165\u589e\u957f15%\uff0c\u8fbe\u52305,340\u4e07\u65b0\u5143\uff0c\u800c\u5b66\u751f\u5bbf\u820d (PBSA) \u7684\u6536\u5165\u5c0f\u5e45\u589e\u957f2%\uff0c\u81f31,500\u4e07\u65b0\u5143\u3002\u96c6\u56e2\u5728\u4e2d\u56fd\u7684\u65b0\u5efa\u79df\u8d41\u8d44\u4ea7 (Build-to-Rent) \u5df2\u5f00\u59cb\u8fd0\u8425\uff0c\u5165\u4f4f\u7387\u4e3a48%\uff0c\u9884\u8ba1\u5c06\u8fdb\u4e00\u6b65\u63d0\u5347\u3002Centurion\u6b63\u79ef\u6781\u6269\u5927\u5176\u4e1a\u52a1\u7248\u56fe\uff0c\u5305\u62ec\u5728\u65b0\u52a0\u5761\u548c\u9a6c\u6765\u897f\u4e9a\u7684\u5bbf\u820d\u91cd\u5efa\u9879\u76ee\u4ee5\u53ca\u6fb3\u5927\u5229\u4e9a\u7684PBSA\u5f00\u53d1\u9879\u76ee\u3002\u5c3d\u7ba1\u9a6c\u6765\u897f\u4e9a\u548c\u6fb3\u5927\u5229\u4e9a\u7684\u5165\u4f4f\u7387\u8f83\u4f4e\uff0c\u4f46\u516c\u53f8\u901a\u8fc7\u6218\u7565\u6027\u7ba1\u7406\u79df\u91d1\u548c\u5165\u4f4f\u7387\uff0c\u5bf9\u6301\u7eed\u4fdd\u6301\u4e1a\u7ee9\u5145\u6ee1\u4fe1\u5fc3\u3002 \u63a2\u7d22REIT\u4e0a\u5e02\u3002Centurion\u6b63\u5728\u63a2\u7d22\u5c06\u6210\u719f\u5e02\u573a\uff08\u5982\u65b0\u52a0\u5761\u3001\u9a6c\u6765\u897f\u4e9a\u548c\u82f1\u56fd\uff09\u7684\u7a33\u5b9aPBWA\u548cPBSA\u8d44\u4ea7\u7ec4\u6210REIT\uff08\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\uff09\u7684\u53ef\u80fd\u6027\u3002\u8fd9\u5c06\u6709\u52a9\u4e8e\u91ca\u653e\u8d44\u4ea7\u4ef7\u503c\u3001\u589e\u5f3a\u8d44\u672c\u5faa\u73af\uff0c\u5e76\u901a\u8fc7\u6f5c\u5728\u7684\u5b9e\u7269\u5206\u7ea2\uff0c\u4e3a\u80a1\u4e1c\u63d0\u4f9b\u7a33\u5b9a\u7684\u6536\u76ca\u3002 2025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u7ee9\u56de\u987e\u3002 \u6536\u5165\u540c\u6bd4\u589e\u957f13%\uff0c\u4ece2024\u5e74\u7b2c\u4e00\u5b63\u5ea6\u76846,110\u4e07\u65b0\u5143\u589e\u81f36,900\u4e07\u65b0\u5143\uff0c\u8fd9\u5f97\u76ca\u4e8e\u6240\u6709PBSA\u548cPBWA\u8d44\u4ea7\u7684\u79df\u91d1\u4e0a\u8c03\u4ee5\u53ca\u65b0\u52a0\u5761\u548c\u82f1\u56fd\u7684\u5f3a\u52b2\u8d22\u52a1\u5165\u4f4f\u7387\uff0c\u4f46\u90e8\u5206\u88ab\u9a6c\u6765\u897f\u4e9a\u548c\u6fb3\u5927\u5229\u4e9a\u8d44\u4ea7\u7684\u8f83\u4f4e\u5165\u4f4f\u7387\u6240\u62b5\u6d88\u3002 \u6211\u4eec\u5bf9\u57fa\u672c\u9762\u7684\u8bc4\u7ea7\u4e3a\u4e70\u5165\uff0c\u76ee\u6807\u4ef7\u4e3a 1.38 \u65b0\u5143\u3002\u8bf7\u5728\u8fd9\u91cc\u9605\u8bfb\u62a5\u544a\u5168\u6587 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) ISOTeam Ltd(ISO SP)\uff1a\u6293\u4f4f\u516c\u5171\u90e8\u95e8\u9700\u6c42\u4e0e\u53ef\u6301\u7eed\u53d1\u5c55\u7684\u987a\u98ce\u673a\u9047 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.075\uff0c\u76ee\u6807\u4ef7\uff1a0.083\uff0c\u6b62\u635f\u4ef7\uff1a0.071 ISOTeam Ltd\u662f\u4e00\u5bb6\u5efa\u7b51\u7ef4\u62a4\u548c\u5730\u4ea7\u5347\u7ea7\u516c\u53f8\uff0c\u4e13\u6ce8\u4e8e\u901a\u8fc7\u4fee\u7f2e\u4e0e\u91cd\u65b0\u88c5\u9970 (R&amp;R) \u548c\u52a0\u5efa\u4e0e\u6539\u5efa (A&amp;A) \u670d\u52a1\uff0c\u4e3a\u516c\u5171\u548c\u79c1\u4eba\u9886\u57df\u63d0\u4f9b\u73af\u4fdd\u89e3\u51b3\u65b9\u6848\u3002\u516c\u53f8\u5728\u65b0\u52a0\u5761\u5efa\u7b51\u53ca\u8bbe\u65bd\u7684\u5347\u7ea7\u3001\u6539\u9020\u548c\u7ef4\u62a4\u65b9\u9762\u62e5\u6709\u4e30\u5bcc\u7ecf\u9a8c\uff0c\u5e76\u81f4\u529b\u4e8e\u6539\u5584\u548c\u7115\u65b0\u516c\u5171\u4f4f\u623f\u666f\u89c2\u3001\u8bbe\u65bd\u548c\u73af\u5883 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